Armenian News - Tert.am
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05:35 Jan 18, 2024
Converse Bank announces on the completion of Euroterm CJSC corporate bonds allocation ahead of schedule. From 28.11.2023 to 12.01.2024, Converse Bank allocated bonds with total volume of AMD 500 million with a coupon rate of 12.5% and a maturity of 36 months. Grigori Zakaryan, director of Converse Bank's Investment Department noted: "Allocation of our partner “Euroterm’s” bonds is a new successful experience for Converse Bank. The completion of the allocation ahead ofschedule indicates the increasing demand for debt securities in the RA financial market, as well as it emphasizes the trust and confidence in Euroterm/Noyan brands. The Bank aims to continue organizing bonds issuance and allocation from economy’s real sector companies, creating new opportunities for customers to invest in the securities of various sectors’ companies, and providing the issuing companies with new possibilities of raising finance. Converse Bank is willing and ready to provide these services to companies that are eager to enter the f...