Converse Bank completes allocation of corporate bonds
Converse Bank has allocated another tranche of corporate bonds, the bank’s press service reports.
“This year Converse Bank issued bonds not only in US dollars and Armenian drams, as the last year, but also in euros with a 36 months tenure,” said Converse Bank Financial Director Grant Akopian.
The volume of Armenian dram bonds is 3 billion, with a 9.5% annual coupon yield, the US dollar issuance volume is $10 million, with a 5.25% coupon, while the issuance in euros amounts €5 million at 4% coupon yield. The coupon payment frequency in all currencies is semi-annual.
On September 5, 2018, the bonds will be listed on NASDAQ OMX Armenia stock exchange and could be traded on the secondary market.
The bonds are guaranteed by the Deposit Guarantee Fund of Armenia.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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