Armenian eurobond transactions in secondary market amounted to $7.9 million in February

23.04.2014 16:04
Armenian eurobond transactions in secondary market amounted to $7.9 million in February

YEREVAN, April 23. / ARKA /. Armenian Eurobond transactions in the secondary market amounted to $7.9 million in February compared to $10.27 million in January, according to the monthly bulletin of the Central Bank of Armenia for February 2014.

The yield on Armenian Eurobonds in February was 5.76 %, it said.

Armenian Eurobonds were sold on international markets on September 19 at a relatively high yield of at least 6 percent, reflecting Armenia’s “junk” credit ratings assigned by agencies like Moody’s and Fitch netting for the government $700 million.

The underwriters were Deutsche Bank AG, HSBC Bank plc and JPMorgan Securities plc.

On January 31 Armenian Eurobonds were listed and admitted to trading at NASDAQ OMX Armenia stock exchange.

According to the Central Bank, Armenian Eurobond transactions in January- February 2014 in the secondary market raised $18.17 million. The average yield was 5.79 %. ($ 1 - 414.12 drams). -0-


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