Converse Bank issues AMD 2bln and $10mln bonds on primary market 

ArmInfo.  Converse Bank has launched the initial public offering of its next coupon-denominated dram bonds with an issue volume of 2 billion drams and two dollar bonds with a volume of $5 million each. According to Converse Bank's announcement, the initial public offering of these tranches, which began on November 18, is scheduled to be completed on February 18, 2026.

The dram tranche (AMCOVSB2OER8) will include 40,000 bonds, each with  a par value of 50,000 drams.  The coupon yield is set at 9.75%, and  the maturity of this bond issue is 24 months, with coupon payments  scheduled to be made semi-annually. This tranche will be fully repaid  on November 18, 2027. A total of 100,000 bonds (50,000 in each  tranche) will be issued for both dollar-denominated issues  (AMCOVSB2PER5 and AMCOVSB2QER3), each with a par value of $100. The  coupon yield for tranche AMCOVSB2PER5 is set at 5.25%, and for  tranche AMCOVSB2QER3, it is 5%. The maturity of tranche AMCOVSB2PER5  is 48 months, and for tranche AMCOVSB2QER3, it is 36 months. Coupon  payments for both tranches are scheduled for semi-annual payments.  Tranche AMCOVSB2QER3 matures in full on November 18, 2028, and  tranche AMCOVSB2PER5 matures on November 18, 2029.

The bonds in these issues will be placed both through the Converse  Mobile platform and through the bank's branch network. According to  the terms of the prospectus for these tranches (AMCOVSB2OER8,  AMCOVSB2PER5, AMCOVSB2QER3), a minimum of five bonds can be  purchased. Following listing on the Armenia Stock Exchange, these  bonds will be admitted to trading on the secondary market. 

Grigory Zakaryan, Head of Investment Department at Converse Bank,  noted: "We strive to actively participate in the development of the  Armenian capital market and consistently implement our strategy,  offering clients modern and competitive investment instruments,  including on digital platforms. As part of this effort, we continue  to expand investment opportunities in various currencies and with  longer maturities, simultaneously issuing our own bonds and assisting  our partners in issuing theirs."

The funds raised through the placement of these bonds, in accordance  with Converse Bank's development strategy, will be invested in  priority areas such as the development of digital solutions for  servicing existing and new clients, financing small and medium-sized  businesses, and more.

The prospectus for these bonds and the terms of the issue are  available on Converse Bank's website at  https://conversebank.am/hy/Nov2025AMD/ and  https://conversebank.am/hy/Nov2025USD/.

As a reminder, Converse Bank placed its previous bond issues on the  primary market ahead of schedule.  Demand for the Bank's corporate  bonds demonstrates their competitiveness and interest in alternative  investment opportunities.

According to the Financial Rating of Armenian Banks as of September  30, 2025, prepared by ArmInfo Investment Company, Converse Bank, one  of the country's leading bond issuers, raised AMD 27.2 billion ($71.1  million) from its bond offerings. Over the past three years, the bank  has doubled this figure, and year-on-year, by 35%.