Friday, September 15 2017 13:52
Alina Hovhannisyan

AMD tranche of Converse Bank`s bonds in the amount of 1 billion passed listing on Nasdaq OMX Armenia

ArmInfo. On September 15,  the AMD tranche of coupon bonds of Converse Bank in the volume of  1bln AMD was listed on the Nasdaq OMX Armenia stock exchange, with  inclusion in the main list (Abond) and obtaining an admission to  conclusion of targeted trade and repo transactions.

As the press service of the exchange told ArmInfo, this issue  consists of 10,000 coupon bonds (ISIN - AMCOVSB23ER7), with a nominal  value of 100,000 AMD, coupon yield - 10.5% per annum, maturity - 2  years. Coupon payments are provided once every six months. The bonds  will be quoted under the exchange code COVSB3.

This year this is the second tranche of bonds issued by Converse   Bank. In particular, the first $ 6 million dollar was issued on May   5, 2017 with the completion of the primary placement on May 16, and   on May 26 this issue was listed on the Nasdaq OMX Armenia stock   exchange and from that moment is quoted on the corporate bond market   in the main list of Abond. 

The dollar issue contains 60,000 coupon bonds, with a face value of $   100, maturity of 2 years, coupon yield of 5.75% per annum. Coupon   payments are provided once every six months.It should be reminded   that Converse Bank has been operating in the Armenian market since   September 1996. As of July 1, 2017, the Bank's shareholders are  Advanced Global Investments LLc (hand-Eduardo Ernekian) - 80.94%,   HayPost Trust Management B.V. - 14.06%, the Cathedral of the Mother   See of Etchmiadzin - 5%. As of July 1, 2017g. assets of Converse Bank   amounted to 217.3 billion drams, liabilities - 183.3 billion drams,   and the total capital - 34.1 billion drams. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000