‘Converse Bank’ Is Not Going To Issue Second Bonds In The Near Futur

‘CONVERSE BANK’ IS NOT GOING TO ISSUE SECOND BONDS IN THE NEAR FUTURE

ArmInfo
2009-05-08 15:16:00

ArmInfo. "Converse Bank" is not going to implement issue of second
bonds in the near future, Director General of "Converse Bank" Ararat
Gukasyan told ArmInfo correspondent.

He also added the same situation is noticed at the money market like at
the market of other Armenian currency investment instruments including
the Armenian currency deposits. "We still need time for the people to
"recover" after the March devaluation", – he said.

To recall, the bonds of "Converse bank" were included in the list of
Bond of NASDAQ OMX Armenia, according to which in April of the current
year the volume of transactions with these bonds lagged behind the
March volume by more than 26 times, having amounted to 10.6 mln AMD.