Tuesday, October 22 2019 11:36

Converse Bank is issuing new bonds

Converse Bank is issuing new bonds

ArmInfo.Converse Bank starts the subsequent placement of bonds on October 17 and plans to allocate 5 million bonds denominated in US dollars and 1 billion bonds denominated in Armenian drams.

The par value of US dollar bonds is 100, annual yield 5.25%, and the par value of Armenian dram bonds is AMD 100,000, annual yield 9.50%.

The term of maturity is 36 months, the frequency of coupon payment is semiannual.

The goal of this placement is to offer bank’s customers the option of acquiring bonds in both, primary and secondary markets.

The end of the placement is scheduled on February 28, 2020.

This is Converse Bank’s second bond issuance during this year. During the second quarter of this year, the bank had already issued 1 billion drams and 10 million dollars bonds.

Please follow the link for more detailed information https://conversebank.am/en/2019issue/    .


 

 

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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