09.04.2015 11:35
YEREVAN, April 9. /ARKA/. The recent Eurobond issue has created a buffer zone for the government in Armenia amid uncertainty over economic growth and state funds, the head of IMF mission in Armenia Mark Horton told reporters on Wednesday.
Armenia sold a $500 million 10-year dollar bond on March 19 for only the second time on record, paying a yield of 7.5%. Deutsche Bank, HSBC Bank and JP Morgan acted as underwriters.
Horton said it was a timely issue, bearing in mind some statements by the US Federal Reserve Bank and the European Central Bank.
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