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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