YEREVAN, September 7. / ARKA /. A total of $1.5 million worth Eurobonds were traded at Armenia’s secondary securities market in 2015 July, down from $4.7 million traded in June, the Central Bank said in its monthly bulletin for July 2015.

The average yield on an Armenian Eurobond in July was 6.21% against 6.43% in June. According to the Central Bank, a total of $82.17 million worth transactions were effected with Eurobonds in the first seven months of 2015 in the secondary market. The average yield on a bond was 6.42%.

Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent. The bulk was used to repay a $500 million Russian loan ten years ahead of schedule.
Armenia sold a second issue of $500 million 10-year dollar bond on March 19, 2014 paying a yield of 7.5%.

Deutsche Bank, HSBC Bank and JP Morgan acted as underwriters. Of that amount, about $205.8 million was spent to buy back part of the previous dollar bond issue carried out in 2013.-0-