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 USD DENOMINATED BONDS ISSUED BY CONVERSE BANK CJSC

The program prospectus of bonds issued by "Converse Bank" CJSC was registered by the Decision of the Chairman of the Central Bank of the Republic of Armenia N 1 / 180A dated 29/03/2019

The Prospectus was published on the Bank's website on 01.04.2019.

According to the decision of the Chairman of the Central Bank of the Republic of Armenia N 1/313 A dated 23/05/2019 the supplement of the program prospectus for the coupon bonds registered by the decision of the Chairman of the Central Bank of RA dated 29 March, 2019 N 1/180 A was approved. The electronic version of the supplement can be downloaded by clicking here .

According to the decision of the Chairman of the Central Bank of the Republic of Armenia N 1/142 A dated 09/10/2019 the supplement of the program prospectus registered by the decision of the Chairman of the Central Bank of RA dated 29 March, 2019 N 1/180 A was approved. The electronic version of the supplement can be downloaded by clicking here .

The electronic version of the Prospectus can be downloaded by clicking here and the paper version can be obtained by visiting Converse Bank CJSC Head Office at 26/1 Vazgen Sargsyan street, 0010, Yerevan, Republic Square, Republic of Armenia.

The allocation of the USD tranche will start on October 17, 2019 and end on February 28, 2020. Bonds with nominal value of USD 500,000,000 have been placed with this tranche.

To obtain the Bonds, investors are required to complete and properly submit to Converse Bank CJSC Application(s) for purchase of Bonds.

After completing the bond purchase applications and properly submitting them to Converse Bank CJSC, but no later than 4:30 pm on the same business day, the person wishing to obtain a bond, should make payment to Converse Bank CJSC at the account number 1930043129906501 for issuance of bonds purchased.

Substantive terms of bonds

Issuer:

Converse Bank CJSC

Class

Nominal Coupon Bond

Nominal value

100 USD

Total volume:

$ 5,000,000

Turnover period

36 months

Coupon yield

5.25%

Frequency of coupon payments

semiannual

Locator:

Converse Bank CJSC

According to the Republic of Armenia Law "On Guaranteeing the Refund of Bank Deposits of Individuals" funds attracted by nominal coupon bonds issued by the Bank are considered as a guaranteed bank deposit and are protected by the Deposit Refund Guarantee Fund.

To acquire the bonds, the following should be in place:

1. securities account with one of the Account Operators licensed in accordance with the procedure established by law

2. Account in AMD and USD in any bank

Converse Bank CJSC is an account operator. All required accounts can also be opened through Converse Bank CJSC mediation.

For customers who obtain bonds issued by Converse Bank CJSC, accounts are opened free of charge and without any service fee during the period of validity of the bond.

The minimum volume of purchasing bonds is 20 units, and the maximum volume is limited by the volume of placement.

The Bank reserves the right to act as a tax agent to calculate and pay the income tax (10%) from the interest received on the bonds.

The electronic version of the final release terms can be downloaded by clicking here

 

 

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Bond Program Prospectus 

Bond Program Prospectus supplement(1)

Bond Program Prospectus supplement(2)

Final Issuance Terms

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