Converse Bank completes initial placement of Armleasing`s debut  bond placement in just one day

ArmInfo. Converse Bank has successfully completed the initial placement of Armleasing's debut dram-denominated  bonds worth 1 billion drams in just one day, as noted in a statement issued by Converse Bank, the underwriter of the issue.

Key Terms of the Issue: Volume: Coupon Yield: 12%, Maturity: 36 Months, Payment Frequency:  Quarterlu. The bonds will be listed on the Armenian Stock Exchange (AMX) for secondary market trading.

The placement  saw strong demand from both individual and  institutional investors. This successful entry into the capital markets by a new non-banking financial institution is a significant milestone not only in terms of the company's reputation and financial management, but also for investors gaining access to a new, reliable investment instrument.

According to the Financial Rating of Armenian Banks as of September 30, 2025, prepared by the ArmInfo Investment Company, Converse Bank, one of the leading bond issuers in the country, raised AMD 27.2 billion ($71.1 million) from its bond placements. Over the past three years, the bank has doubled this figure, and year-on-year, by 35%.

According to the Ranking of Credit Companies of Armenia as of September 30, 2025, prepared by the ArmInfo Investment Company, ArmLeasing ranks second among the country's leasing companies in terms of assets - 19.98 billion drams ($52.2 million) and loan investments - 18.7 billion drams ($49 million). Year-on-year, the company increased its assets by 29.4% and loan investments by 33.1%. For the first nine months, ArmLeasing generated a net profit of 186.2 million drams ($487,000), with an 85% year-on-year increase. ArmLeasing has been operating since October 2019.  Partners Invest LLC is ArmLeasing's sole shareholder.

It's worth noting that Converse Bank, as an underwriter, successfully and early placed bonds in 2023-2025 for Euroterm CJSC (Noyan and Menk brands) worth 500 million AMD, Medical LLC (Hyebrid) worth 100 million AMD, and the Vardanants Innovative Medical Center (Arinterlev CJSC) worth 1 billion AMD.  Globbing recently joined this list, selecting Converse Bank as the underwriter for its debut issue of AMD and dollar bonds, which, as previously expected, ensured the early placement of both the dollar and AMD tranches. Now, Armleasing has joined this list, with a record-breaking early placement of bonds, thanks to Converse Bank as the underwriter.