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AMD Bonds


By decision No. 1/297A of the Chairman of the Central Bank of RA dated April 25, 2017 the program prospect of "Converse Bank" CJSC’s nominal coupon bonds was registered.

Allocation of the II tranche of the issued bonds begins on August 3, 2017 and will be completed on September 1, 2017. Within the framework of the II tranche, bonds with nominal value of AMD 1,000,000,000 will be allocated.

To buy the bonds, the investors shall fill out the Bond Acquisition Application/s/ in accordance with the specified procedure and submit it properly to "Converse Bank" CJSC.

According to decision No. TSP-022-09/17 of NASDAQ OMX ARMENIA OJSC General Director dated September 12, 2017, Converse Bank CJSC’s nominal bonds with nominal value of AMD 100 000 /one hundred thousand/, with maturity period of 24 months, coupon yield rate of 10.5%, and semi-annual payment frequency, were listed and included in the bonds’ main list (Abond). By the same decision, it was permitted to conduct targeted trading and conclude repo transactions with the mentioned bonds.

The decision enters into force on September 15, 2017.

After filling out the Bond Acquisition Application and its proper submission to "Converse Bank" CJSC, but not later than by 16:00 of the same working day, the person willing to buy bonds shall make payment for the bonds to the account number 1930043123398600 opened at "Converse Bank" CJSC.

The program prospect was posted on the Bank’s website on 28.04.2017.

You can download the electronic version of the program prospect if you click here, and you can obtain the hard copy of it if you visit "Converse Bank" CJSC’s head office at 26/1 Vazgen Sargsyan Str., Republic Square, 0010, Yerevan.

Significant Conditions of Bonds

Issuer "Converse Bank" CJSC
Class Nominal coupon
Norminal value AMD 100,000
Total volume AMD 1,000,000,000
Turnover term 24 months
Coupon yield 10.5%
Frequency of coupon payment Semi-annual
Allocated by "Converse Bank" CJSC

According to the RA Law on "Guarantee of Repayment of Deposits by Private Individuals", the funds attracted via nominal coupon bonds issued by the Bank are considered as guaranteed banking deposit, guaranteed by the Deposit Guarantee Fund.

In order to buy the bonds, the customer needs to have or open:

  1. securities account opened at one of the account operators licensed in accordance with the law;
  2. AMD account at any bank.

"Converse Bank" CJSC is an account operator. All required accounts can be opened also at "Converse Bank" CJSC.

For the customers buying the bonds issued by "Converse Bank" CJSC, accounts are opened free-of-charge and no service fee is charged within the validity term of the bonds.

The minimum number of bonds to be purchased is 15, and the maximum number is limited by the volume of allocation.

The Bank has the tax agent’s right to calculated and pay income tax (10%) from the interest earned on the bonds, according to the procedure specified by the law.

You can download the electronic version of the final conditions of bonds’ issue by clicking here.





Bond Program Prospectus

Program Prospectus Supplement

Final Issuance Terms

Bond Price

Buy Order for Legal Entities

Buy Order for Individuals

Special Package for Customers Purchasing AMD Bonds

The following special conditions of using banking products apply for the customers purchasing bonds:

  • Providing the Bank’s cardholder customers with a payment card a class higher than the existing one, applying the Bank’s tariffs and rates of the existing card type, defined for the Bank’s customers.
  • Providing a payment card to non-cardholder customers of the Bank, at 50% discount to the existing tariff.1
  • Possibility of providing a credit limit for the payment card, on the following conditions:2
Type of the credit limit Revolving, without a grace period
Currency of the credit limit AMD
Size of the credit limit Up to 95% of the value of pledged bonds
Annual interest rate 14%
Maturity Not more than before the working day preceding the due date of bond(s) redemption
  • Current and savings accounts in AMD and USD are opened for the customers purchasing bonds without a service fee for the years when the customer has an unredeemed bond.
  • The customers purchasing bonds are given the opportunity to conclude repo agreements on reverse purchase condition for the purpose of temporary selling of the customer’s bonds. The conditions of the repo agreement are determined on the basis of the market prices and interest rates applied at the time of execution of the transaction.

1If the buyer of the bond is a legal entity, then the payment card can be provided in the name of the Director and the Chief Accountant of the company. This provision doesn’t apply to cards covered by other promotions announced by the Bank.
2The credit limit is provided if not less than 30 calendar days remain until expiry of the bond’s maturity term.

If the Bank’s depositors terminate their term deposit agreement prematurely and invest the total amount of the deposit or a part of it in the bonds issued by the Bank, then the interest amount will not be recalculated for premature termination of the deposit agreement provided that in case of partial investment of the amount into bonds, the remaining amount of the deposit will be redeposited until expiry of the term of the terminated deposit.