ArmSwissBank lists USD and EUR bonds on the Armenia Stock Exchange as four matured issues are delisted
Trading in two ArmSwissBank CJSC bond issues, denominated in US dollars and euros, will begin on the Armenia Stock Exchange (AMX) on November 3.
The exchange announced this. Bonds of Converse Bank CJSC, Acba bank OJSC and Farm Credit Armenia UCO CC will be delisted on November 1 and 2 because their circulation periods are ending.
Listing
Under AMX CEO decisions No. ՑՊ-102-10/26 and ՑՊ-103-10/26 of October 29, 2026, the bonds are admitted to the secondary bond list (Bbond). Manual trading and REPO transactions are also allowed.
| SWISBU | SWISBM1 | |
|---|---|---|
| ISIN | AMSWISB2UER4 | AMSWISBM1ER3 |
| Currency / nominal | USD 100 | EUR 100 |
| Number of securities | 86.8 thousand | 42 thousand |
| Volume at nominal* | USD 8.68 million | EUR 4.2 million |
| Coupon | 5.75% | 4.50% |
| Coupon payments | Semi-annual, 8 payments, ACT/365A | |
| Placement | 08.06.2026–30.09.2026 | |
| Term / maturity | 48 months / 08.06.2030 | |
| First trading day | 03.11.2026 | |
* Business Daily calculation based on AMX data.
Delisting
| Issuer | ISIN / ticker | Volume at listing* | Coupon | List | Delisting |
|---|---|---|---|---|---|
| Converse Bank CJSC | AMCOVSB2KER6 / COVSBK | AMD 5 billion (about $13.88 million): 100 thousand × AMD 50 thousand | 9.75% | Abond | 01.11.2026 |
| Acba bank OJSC | AMACBAB2EER9 / ACBABE | AMD 1.4 billion: about 14 thousand × AMD 100 thousand | 9.5% | Bbond | 02.11.2026 |
| Acba bank OJSC | AMACBAB2FER6 / ACBABF | USD 3.64 million: 36.4 thousand × USD 100 | 4.5% | Bbond | 02.11.2026 |
| Farm Credit Armenia UCO CC | AMFARMB21ER4 / FARMB1 | AMD 1.2 billion: 12 thousand × AMD 100 thousand | 12.25% | Bbond | 02.11.2026 |
* Based on AMX’s 2024 listing announcements for these issues; Business Daily calculation.
Central Bank
By decision No. 1/428 Ա of October 28 of Martin Galstyan, Chairman of the Central Bank of Armenia, the bond program prospectus of Farm Credit Armenia UCO CC was registered. The program covers registered coupon bonds with a total volume of up to AMD 3 billion and a nominal value of AMD 100 thousand. The application was filed on September 23, with supplements filed on September 29 and October 20. As of publication, the prospectus itself has not been published on either the Central Bank’s or the company’s website, so the terms of the issue (coupon rate, maturities) are not yet known.
On October 26, the company announced that it will issue social bonds in November. Sustainable Fitch rated its Social Bond Framework “Excellent” and found it aligned with the International Capital Market Association’s (ICMA) Social Bond Principles 2025. The proceeds will finance smallholder farmers, rural micro, small and medium-sized enterprises and agribusinesses, as well as agricultural machinery leasing.
By the Chairman’s decision No. 1/424 Ա of October 28, the registration period for Acba bank OJSC’s program prospectus of perpetual bonds was suspended “in order to clarify certain facts.” The program covers AMD 20 billion (AMD 100 thousand nominal) and USD 50 million (USD 100 nominal). In addition, on October 29 AMX received a document from Acba bank containing essential facts and information.
