YEREVAN, March 12. / ARKA /. Armenia is planning to meet investors in the U.S. and UK to discuss issuing its second dollar bond, The Wall Street Journal (WSJ) reported citing one of the banks arranging the roadshow.

Deutsche Bank, HSBC and JP Morgan are the banks hired to run the meetings, which are due to start March 16, WSJ said.

Armenia is likely to raise $500 million for between seven and 10 years from the new bond sale, which could be issued as soon as Thursday next week, it said.
In addition to the new deal, Armenia is offering to buy back up to $200 million of its previous dollar bond issue. It will pay face value for the bonds, which are currently trading at around 98 cents on the dollar. The final settlement date is March 26.

The government of Armenia released today the prospectus for the issuance of bonds  without mentioning dates and interest rate.

Plans to sell more Eurobonds at international debt markets were announced by the government on January 30 in order to finance its budget deficit. More relating agreements were signed on March 10.
Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent and used  the bulk of that money to repay a $500 million Russian loan ten years ahead of schedule.-0-