Converse Bank completes distribution of bonds ahead of schedule

Converse Bank has completed the distribution of nominal coupon bonds totaling 2 billion AMD and 10 million USD ahead of schedule, the bank said in a press release on Tuesday.

The coupon yield of the issued bonds is 10% and 4% respectively. The payment cycle is semi-annual.

The bank will apply to the Armenian Stock Exchange to list the distributed bonds.

Find out more here.

Converse Bank is overseen by Central Bank of Armenia.