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Demand For First Eurobonds Of Armenia Crosses 3 Billion

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  • Demand For First Eurobonds Of Armenia Crosses 3 Billion

    DEMAND FOR FIRST EUROBONDS OF ARMENIA CROSSES 3 BILLION

    [ Part 2.2: "Attached Text" ]

    19:23, 8 November, 2013

    YEREVAN, NOVEMBER 8, ARMENPRESS. "AmeriaBank" will for the first
    time in Armenia give an opportunity to its customers to get Eurobonds
    issued by USA dollar which is Armenia's first sovereign circulating
    in the international capital market. Armenpress was informed from
    "AmeriaBank" that the demand for Eurobonds for the first time in
    Armenia has already crossed 3 billion USA dollars.

    The Eurobonds issued by the Ministry of Finance of the Republic of
    Armenia distributed Deutsche Bank AG, HSBC Bank and J.P.

    Morgan Securities with the total amount of U.S. $ 700 million, 7-
    year maturity and 6 % annual interest rate. Moreover, in the result
    of distribution lower price was formed providing 6.25% yield for
    the investors.

    The latest rating of Armenia by the "Moody's"rating organization is
    "Ba2-stable" and by "Fitch" rating agency it is "BB-stable".

    http://armenpress.am/eng/news/739434/demand-for-first-eurobonds-of-armenia-c
    rosses-3-billion.html


    From: Baghdasarian
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