Friday, May 26 2017 14:22

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.