Converse Bank has successfully completed the distribution of Euroterm II corporate bonds, with a total value of 500 million Armenian Drams. The bonds have a maturity period of 36 months and provide an annual yield of 12.5%. Grigor Zakaryan, the CEO of Converse Bank’s Investment Department, expressed satisfaction with the distribution process, noting the demand for financial instruments in the Armenian market and the confidence in the Euroterm/Noayana brands.

Converse Bank is committed to supporting the distribution and placement of corporate bonds, offering opportunities for investors across different sectors and diversifying financial investments. The use of new technologies has streamlined the entire process, making it more efficient from document collection to distribution. Notably, over 70% of the bonds were distributed through the Converse Mobile application, which greatly simplified the process.

The list of bondholders will be submitted to the Armenian Fund Exchange for secondary market trading, further establishing Converse Bank as a market creator for bond trading. As a regulated institution, Converse Bank operates under the oversight of the Central Bank of the Republic of Armenia.