FIRST TRANSACTION WITH CJSC CONVERSE BANK’S CORPORATE BONDS WORTH A TOTAL OF 12.2 MLN AMD CARRIED OUT AT NASDAQ OMX ARMENIA
ArmInfo
2009-02-24 17:42:00
ArmInfo. The first transaction with CJSC Converse Bank’s corporate
bonds worth a total of 12.2 mln AMD was carried out at NASDAQ OMX
Armenia, Tuesday. As NASDAQ OMX Armenia press-service told ArmInfo,
a transaction with 397 bonds of the bank was carried out, the yield
being 10,64%, the total volume of emission – 300 mln AMD and nominal
value of each bond – 30 thsd AMD.
According to the source, during the Feb 24 trade session at NASDAQ
OMX Armenia, aggregate transactions with the corporate bonds amounted
to 242.3 mln AMD. A total of 11 transactions with 42254 corporate
bonds of 7 emitters were carried out, particularly, with the bonds
of Armenian Copper Programme (1 transaction worth 103.7 thsd AMD),
Ardshininvestbank (2 transactions worth 9.1 mln AMD), Converse Bank
(1 transaction worth 12.2 mln AMD), second-issue bonds of ELITE GROUP
(1 transaction worth 40.5 mln AMD), HSBC Bank Armenia (4 transactions
worth 178.2 mln AMD), Shen Concern (1 transaction worth 1.9 mln AMD),
and second-issue corporate bonds of Valletta company (1 transaction
worth 399.7 thsd AMD).
The leader in the amount and number of transactions is HSBC Bank
Armenia: bonds worth 178.2mln AMD appeared on the stock exchange
today with 4 transactions conducted.
To remind, Converse Bank has issued 50,000 bonds worth a total of
1.5bln AMD (30,000 AMD per bond), which will be placed gradually in
4-5 unequal tranches throughout 2009. Coupon payments will be made
quarterly. Converse Bank is among the five leading Armenian banks. It
has 25 branches. It was set up in 1993. Its shareholders are Advanced
Global Investments (95%) and the Mother See of Holy Echmiadzin.