Converse Bank CJSC completed the issue of the first tranche of the dollar bonds. Work began on May 5.
In particular, it distributed 60,000 bonds with nominal value of $ 6 million. The nominal value of per bond is $ 100, turnover period is 24 months, the frequency of coupon payments quarterly. The coupon profit is 5.75% annually.
The bonds were purchased both physical (86.67%) and legal entities (13.33%).
"The placement was according to the bank's strategy. The main investors in bonds are individual clients of the Converse bank. It is also noteworthy that the demand exceeded the amount offered in the first tranche, "said the bank's CEO, Arthur Hakobyan.
The bonds are guaranteed by the Deposit Guarantee Fund of Armenia. "Capital Investments" CJSC will implement the registry of issued bonds, which is in charge of the market maker.

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