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Converse Financial institution has began the position of nominal coupon bonds totaling 2 billion AMD and 10,000,000 USD. The coupon yield of the bond is 10% and 4% respectively, the coupon fee frequency is semi-annual.
Additional particulars concerning the issuance and the position of this system prospectus, in addition to full phrases and situations may be discovered at https://www.conversebank.am/en/2022issue/ .
As soon as positioned, the bonds can be listed on the Armenian Inventory Trade for turning over within the secondary market.
Investments in bonds in contrast to in deposits are exempt from taxes. The bonds may be offered on the secondary market earlier than their maturity. Any funds related to the bonds are assured by the Deposit Assure Fund.
It ought to be famous that the Financial institution has not too long ago repaid the bonds in AMD with AMCOVSB28ER6 and in USD with AMCOVSB29ER4 ISINs. Usually, 1 billion AMD and 10 million USD value of bonds have been repaid, the coupon fee amounted to 178.5 million AMD.
Converse Financial institution is likely one of the market leaders with its quantity and volumes of bonds issued. As of now, 4 billion AMD and 15,000,000 USD value of bonds has been quoted on the Inventory Trade of Armenia.
Converse Financial institution is overseen by Central Financial institution of Armenia.
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