Armenia plans no third issue of USD-denominated government bonds in coming years

04.10.2016 17:26
Armenia plans no third issue of USD-denominated government bonds in coming years

YEREVAN, October 4. /ARKA/. Armenia’s government does not plan a third issue of USD-denominated government bonds  in the coming years, finance minister Vardan Aramyan said today. He said the government will be buying back the bonds until 2020-2021.

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-


Tags: , ,

Partners news

Related Posts