ArmInfo. Converse Bank first USD trench issue amounting $ 6 million passed first listing on NasDaq OMX Armenia and entered Abond. As the stock's press service told ArmInfo, the first USD tranche of the Bank (ISIN - AMCOVSB22ER9) is allowed to conclude targeted trade and repo-transactions.
According to the source, within this emission 60000 coupon obligations were issued with the nominal prize of $100, with a maturity of 2 years, coupon yield of 5.75% per annum. Payments on the coupon will be made once in half a year. On the exchange, bonds will be traded with the exchange code COVSB2.
To note, today on NASDAQ OMX Armenia already 31st issue of corporative obligations of 11 issuers is quoted, 18 were implemented by 7 issuing banks, of which 15 are USD ones. The issuing banks are Araratbank, Ameriabank, Armswissbank, Armbusinessbank, Anelik Bank, Unibank and Converse Bank. In addition, Ardshinbank, Prometey Bank and Ameribank placed their bonds on the international market.
To note, Converse Bank has been operating in the Armenian market since September 1996. As of January 1, 2017, the Bank's shareholders are Advanced Global Investments LLc (Eduardo Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, the Cathedral of the Mother See of Etchmiadzin - 5%, and the indirect holder of 100% of shares is Holding Company "Blakery Assets" LTD.
