Converse Bank Successfully Completes Distribution of Euroterm II Corporate Bonds, Reinforces Confidence in Armenia’s Financial Market

Converse Bank completes distribution of Euroterm II corporate bonds, placing 500 million Armenian Drams worth of bonds with a 36-month maturity and 12.5% annual yield. Successful distribution reflects demand for financial instruments and confidence in Converse Bank. Mobile app simplifies process, attracting 70% of investors. Bank aims to attract bond market investors and become market creator for trading. Regulated by Central Bank of Armenia.