ArmInfo. Converse Bank has started the initial placement of dram bonds in the amount of 3 billion drams. As noted in the message of Converse Bank, the initial placement of this tranche, which started on May 26, is planned to be completed on August 26. Within the framework of the AMD tranche (AMCOVSB2NER0), 60,000 bonds will be issued, each with a nominal value of 50,000 drams, the annual coupon yield is set at 10.25%, the maturity of the bonds of this issue is 24 months, coupon payments are provided once every six months.
ArmInfo. AraratBank OJSC and the Dutch entrepreneurial development bank (FMO) announce the signing of a new $25 million loan agreement, further strengthening and expanding their multi-year cooperation in business financing.
ArmInfo.Converse Bank, acting as the underwriter of the debut bonds of the Vardanants Innovative Medical Center (Arinterlev CJSC), announced the early completion of the public placement of this tranche. As explained in the message of Converse Bank, the tranche issued on April 1 was fully placed on the primary market by April 11, instead of the originally planned end date of July 1.
ArmInfo. Converse Bank is the underwriter for the debut tranche of registered coupon bonds issued by the Vardanants Center for Innovative Medicine (CJSC "Arinterlev"). According to a statement from Converse Bank, the public offering of three-year dram bonds totaling 1 billion drams, with a coupon yield of 12% will start on the primary market on April 1 of this year. Specifically, 20,000 bonds were issued, each valued at 50,000 drams. Coupon payments will be made semi- annually. The initial offering period for this tranche is set to close on July 1, 2025, with the maturity date of this issue (AMARLVB21ER3) being April 1, 2028. For more detailed information on the offering, placement, and final terms of the prospectus, please visit the link: https://conversebank.am/hy/vardanants/ .
ArmInfo. According to the authoritative international magazine Global Finance, Converse Bank has been named the winner in the category "Best Bank in Armenia in Trade Finance" for 2025 ("Best Trade Finance Provider 2025 in Armenia"). As ArmInfo was informed by the bank's press service, Converse Bank has received this award for the sixth consecutive year. The award ceremony was held in Amsterdam, within the framework of the "BAFT Europe Bank-2025" forum, where the Bank was represented by its Financial Director and Deputy General Director, Grant Hakobyan. Akopyan expressed gratitude for the high assessment of Converse Bank's activities in trade finance and noted: "This not only testifies to the success and efficiency of the Bank's work in this area, but also stimulates innovative solutions and ongoing developments, that will allow us to continue maintaining leading positions in trade finance."
ArmInfo. Converse Bank has placed the next tranches of dollar and dram bonds ahead of schedule, totaling $5 million and 5 billion drams. This is noted in the Bank's statement, which explains that the initial placement of these bonds, initiated on November 1, was completed two months ahead of the originally scheduled deadline (February 3, 2025).
ArmInfo. In Armenia, 21,876 children were born in January-August 2024, which is 7.3% lower than the figure for the previous year. The birth rate per 1000 inhabitants for the reporting period was 10.9 per mille, compared to 12 per mille in 2023.
ArmInfo.Converse Bank began issuing and servicing China UnionPay system cards - UnionPay Gold and UnionPay Platinum. This was noted in a message issued by Converse Bank on May 27.At this stage, cards for this system can be ordered at Converse Bank branches, but they will also be available to order via the Converse Mobile app soon.
ArmInfo.On April 17, Converse Bank began the initial placement of dram and dollar bonds in the amount of 5 billion drams and $10 million in 2024. This is noted in the Bank's statement.
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