Tweet
ARMENIA SELLS $700 MILLION, SEVEN-YEAR BOND AT YIELD OF 6.25%, SOURCES SAYS
Wall Street Journal
Sept 19 2013
By Prabha Natarajan
Armenia came to market Thursday with a $700 million, seven-year bond
that sold to strong investor demand.
The country used the revived demand for emerging-market assets to
sell its debut bond deal.
The seven-year debt offering sold at a yield of 6.25%, and carries
a coupon of 6%, according to bankers familiar with the deal.
The initial yield talk was in the area of 6.375%.
Government borrowers from emerging-market economies have raised $17
billion this month, almost double the amount of bonds issued in the
previous three months combined, according to data provider Dealogic.
Deutsche Bank, HSBC and J.P. Morgan Chase are the banks running the
Armenia deal.
--Ben Edwards in London contributed to this article.
http://online.wsj.com/article/BT-CO-20130919-710294.html
Wall Street Journal
Sept 19 2013
By Prabha Natarajan
Armenia came to market Thursday with a $700 million, seven-year bond
that sold to strong investor demand.
The country used the revived demand for emerging-market assets to
sell its debut bond deal.
The seven-year debt offering sold at a yield of 6.25%, and carries
a coupon of 6%, according to bankers familiar with the deal.
The initial yield talk was in the area of 6.375%.
Government borrowers from emerging-market economies have raised $17
billion this month, almost double the amount of bonds issued in the
previous three months combined, according to data provider Dealogic.
Deutsche Bank, HSBC and J.P. Morgan Chase are the banks running the
Armenia deal.
--Ben Edwards in London contributed to this article.
http://online.wsj.com/article/BT-CO-20130919-710294.html