Wednesday, December 13 2017 16:26
Karine Melikyan

The second tranche of Converse Bank dollar bonds in the amount of $ 4 million was listed on NASDAQ OMX Armenia

The second tranche of Converse Bank dollar bonds in the amount of $ 4 million was listed on NASDAQ OMX Armenia

ArmInfo. The second tranche of Converse Bank dollar bonds in the amount of $ 4 million was listed and entered the main list (Abond) of the Nasdaq OMX Armenia stock exchange. As the press service of the exchange told ArmInfo, the second dollar tranche of the Bank (ISIN - AMCOVSB24ER5) is allowed to conclude targeted trade and repo transactions.

According to the source, 40,000 coupon bonds were issued within the framework of this issue. On the exchange, the bonds will be traded with the exchange code COVSB4. Bonds of the second tranche of the dollar issue as well as of the 1st tranche have a circulation period of 2 years, a face value of $ 100, and once per half-year, coupon payments are provided. The annual yield on the coupon in the second tranche is 5.25%, while in the 1st tranche it was 5.75%. The bonds are guaranteed by the Fund for Guaranteeing the Refund of Individual Deposits in proportion to the amount of guaranteed deposits.

The initial placement of the 2nd tranche of dollar coupon bonds, which started on October 19, was completed by Converse Bank earlier than the scheduled date - on November 27, thereby summarizing the issue of the first issue with a total volume of $ 10 million. Recall that on the first tranche of the dollar issue, the primary offering started on May 5 this year and ended on May 16, and on May 26, the entry into the listing list was held.

"Thus, the total volume of debt of Converse Bank totaled $ 10 million and 1 billion AMD in the corporate bond market this year, and in 2018 the Bank plans to issue new bonds whose circulation period will be longer considering the focus of these securities on foreign investors, - said earlier the financial director of Converse Bank Hrant Hakobyan.

NASDAQ OMX Armenia as of December 13 this year, two tranches of Converse Bank's dollar issues in the amount of $ 10 million and one dram in the volume of 1 billion drams are listed. Dollar tranches were issued on May 5 and October 19 this year with the passage of the listing on May 26 and December 13, and the drama was released on August 3 this year and passed the listing on September 15. The yield on the dollar bonds of the Bank was 5.75% and 5.25% respectively, and on dram bonds - 10.5%. The term of circulation of these bonds is set at 2 years, and coupon payments are provided once every six months.  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 (hands-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. As of October 1, 2017 Converse Bank assets totaled 233.4 billion drams, liabilities - 198.7 billion drams, and total capital - 34.8 billion drams.

According to NASDAQ OMX Armenia, in total on the exchange as of December 13, 2017 26 issues of dollar bonds of 12 issuers are quoted, out of which 21 issues were issued by 8 banks: Araratbank (6), Ameriabank (4), Armswissbank (4), Anelik Bank (3), Converse Bank (2), one dollar tranche from Armbusinessbank and Unibank. In addition, 2 euro tranches are listed on the exchange - one each from Ameriabank and Armswissbank.

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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