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Converse bank declared coupon payment

06.11.2017 18:44

Converse bank declared coupon payment

YEREVAN, November 6. /ARKA/. The Converse Bank declared a coupon payment on its 2017-1 series COVSB2 bonds. It said in a news release that the total coupon payment amounted to 83,553,820 Armenian drams.

Two-year fixed rate bonds with the total USD 6 million have been placed in a public offering on May 16, 2017. Maturity term of the issue was 730 days since inception with 4 coupon payments semiannually.

Converse Bank CJSC had AMD 233.4 billion in assets and AMD 34.8 billion in equity reportedly (as of 01.10.17). The shareholders of Converse Bank CJSC are Advanced Global Investments LLC (80,94%), Haypost Trust Management B.V. (14.06%), whose ultimate beneficiary is the Argentinean businessman Eduardo Eurnekian, and the Armenian Apostolic Church (5%). ($1 – 484.37 drams). -0-

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