ArmInfo.On August 14, Converse Bank announced the commencement of a new $2 million bond issuance for Global Shipping LLC. According to a statement from Converse Bank, the initial placement is scheduled to be concluded on October 30, 2026.
Converse Bank, which served as the underwriter for the company's two previous bond tranches, successfully finalized those placements ahead of schedule. Globbing utilized the capital raised in earlier rounds to expand its network of lockers in Armenia and abroad, develop innovative service centers, introduce new service lines, and implement various digital solutions and refinancing initiatives.
The new tranche (ISIN: AMGLBSB23ER6) consists of 20,000 bonds, each with a nominal value of $100. Key terms include: Annual Coupon Yield: 8.25%; Maturity Term: 36 months; Maturity Date: August 14, 2029 and Coupon Payment Frequency: Semi-annual. Investors may purchase the bonds through the Converse Mobile application or at any Converse Bank branch, with a minimum purchase requirement of two bonds.
"We are pleased to see such high interest in our bond offerings," said David Arutyunyan, founder and CEO of Globbing. "It is particularly significant that approximately 90% of our investors were private individuals. This is not only a financial success but a vital indicator of the trust the public has placed in Globbing. With this new issuance, we plan to secure additional capital to continue our development programs and drive further growth."
Hrant Hakobyan, CEO and Chairman of the Directorate of Converse Bank, underscored the importance of diversifying corporate financing sources, noting that it allows businesses to optimize capital structures while offering investors broader portfolio opportunities. "The early placement of Globbing's debut bond tranche demonstrated that corporate interest in the capital market aligns well with investor demand for these instruments," Hakobyan stated. "Converse Bank remains committed to supporting businesses in this area, expanding the range of available investment tools, and contributing to the deepening of the Armenian capital market."
Following the completion of the initial public offering, the bonds of this issue will be listed on the Armenian Securities Exchange (AMX). For additional details, including the bond prospectus and final terms, please visit the Converse Bank official website.
Recall, Globbing (Global Shipping LLC) is an international trading platform that allows to make purchases from international stores and receive them in Armenia. Founded in 2015, it employs over 150 people and has warehouses in eight countries (the USA, UK, China, UAE, Greece, Germany, Italy, and Russia). Its head office and branches are located in Armenia, as well as the largest network of parcel lockers (approximately 140 lockers and 3,800 safes). The company has over 1 million registered users, and the number of parcels shipped to date exceeds 8.8 million.
According to the Financial Rating of Armenian Banks as of December 31, 2025, prepared by ArmInfo Investment Company, Converse Bank, one of the country's leading bond issuers, raised AMD 28.2 billion ($74 million) from its own bond placements. Over a three-year period, the bank doubled this figure, and by 17% year-on-year.
It is worth noting that Converse Bank, as an underwriter, successfully and early placed bonds of Euroterm CJSC (Noyan and Menk brands) in 2023-2025 (AMD 500 million), Medical LLC (Hyebrid) in AMD 100 million, and the Vardanants Innovative Medical Center (Arinterlev CJSC) in AMD 1 billion. In December 2025, In December 2025, logistics provider Globbing selected Converse Bank as the underwriter for its debut issuance of dram and dollar-denominated bonds, both tranches of which were successfully placed ahead of schedule. The subsequent second tranche of Globbing's bonds was similarly completed early under Converse Bank's management.
Expanding beyond corporate issuances, Converse Bank also served as the underwriter for a three-year, AMD 5 billion dram-denominated bond offering by the European Bank for Reconstruction and Development (EBRD), featuring a floating coupon rate and launched on July 7, 2026. 0-
