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"Converse Bank" CJSC Makes the Medium-term Coupon Bonds’ Instalments.


Since March 17, 2011 Converse Bank cjsc has started paying instalments for its nominal medium-term coupon bonds. Sum of one bond instalment amounts to AMD 787.10. Volume of instalments paid for Converse Bank cjsc medium-term coupon bonds as at March 17 comprised AMD 7,871,000. Their payments have received 1 legal entity and 25 individuals.

Let us remind that Converse Bank has started allocation of the first tranche of its nominal, medium-term coupon bonds on December 16, 2008.

The nominal volume of the first tranche bonds is AMD 300.000.000 (three hundred million), maturity period - 3 years, annual earnings yield - 10,64%. The bond coupons are repaid quarterly.

The total nominal volume of issued bonds is AMD 1.500.000.000 (one billion and five hundred million), in numbers of 50.000 (fifty thousand), each in AMD 30.000 (thirty thousand) nominal value. Issue of bonds will be installed through several tranches.

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