The allocation will be followed by the listing of bonds at the NASDAQ OMX Armenia corporate bond market for circulation on the secondary market.

The total volume of the issue is 1 billion drams. The nominal value of one bond is 100,000 drams, the circulation term is 24 months, coupon payment periodicity is semi-annual. Coupon yield is 10.5% per annum, and the effective interest rate is 10.78%.

The minimum package that can be purchased includes 15 bonds, which makes 1 500 000 AMD.

"This is the second allocation this year. Bank, adhering to its policy of providing its customers with a wide range of banking products, this time offers AMD bonds, which are attractive by growing interest in the financial market, "said Hrant Hakobyan, Financial Director of Converse Bank, adding that the attracted funds will be directed to different sectors of economy.

According to the Law of the Republic of Armenia "On Guaranteeing Bank Deposits of Individuals", the funds attracted by the Bank's nominal bonds are considered as guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund.

The issued bonds registry will be driven by the Company "Capital Investments", which will carry out the functions of the market maker.

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