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Converse Bank has commenced placing of AMD bond


Placement will be followed by listing of the bonds on NASDAQ OMX Armenia corporate bonds’ platform for trading on the secondary market.

The total value of the issue is AMD 1 billion. The face value of one bond is AMD 100.000, the maturity period is 24 months with semi-annual coupon payment frequency. The coupon rate is 10.5% per annum, and the effective rate is 10.78 %.

The minimum number of bonds to be purchased is 15, which is AMD 1.500.000 in monetary terms.
Note that Converse Bank CJSC’s shareholders are "Advanced Global Investments" LLC (80,94%), HayPost trust Management B.V. Company (14.06%), the final beneficiary of which is Eduardo Eurnekian, Argentine businessman of Armenian origin, and the Armenian Apostolic Church (5%).

The Bank provides whole range of banking services: lending, deposits, payment cards, Investment and depositary services , remote services, online payments, etc.

As of 01.07.2017, the Bank’s assets amount to AMD 217,338,330 thousand, the liabilities - AMD 183,270,439 thousand, and the total capital - AMD 34,067,891 thousand.

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