Armenian deputy PM and World Bank regional director discussed future cooperation

14.10.2019 12:36
Armenian deputy PM and World Bank regional director discussed future cooperation

YEREVAN, October 14. /ARКА/. Armenian Deputy Prime Minister Tigran Avinyan received today a World Bank delegation led by World Bank Regional Director for the South Caucasus Sebastian Molineus, Avinyan's press office reported.

It quoted Avinyan as saying that the meeting was a good opportunity for an exchange of thoughts on the activities of the bank in Armenia, as well as for a discussion of current and future programs.
Molineus was said to have congratulated the government on the recent successful issuance of Eurobonds, as well as on successful conduct of the World Congress on Information Technology (WCIT-2019).

The two sides discussed a set of issues pertaining to digitization, tourism, water management, energy strategy and efficiency, as well as outlined further steps in this direction.

On September 26, 2019, Armenia successfully placed Eurobonds in the amount of $500 million with a 10-year maturity and 4.2% yield on the international capital market. The coupon yield on new Eurobonds is 9.95.

Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent and a maturity of 7 years. The bulk of $700 million was used to repay a $500 million Russian loan ten years ahead of schedule. The second issue was carried out in March 2015 in the amount of $500 million with a yield of 7.25% and a maturity period of 10 years. -0---


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