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Armenia Order Book On Seven-Year Bond Approaching USD2bn

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  • Armenia Order Book On Seven-Year Bond Approaching USD2bn

    ARMENIA ORDER BOOK ON SEVEN-YEAR BOND APPROACHING USD2BN

    Reuters
    Sept 19 2013

    By Davide Scigliuzzo

    Thu Sep 19, 2013 6:44pm IST

    LONDON, Sept 19 (IFR) - Order books on the Republic of Armenia's new
    seven-year bond are heard approaching USD2bn with US orders still to
    come in, according to market sources.

    Initial price thoughts for the benchmark-sized issue, which is rated
    Ba2 by Moody's and BB- by Fitch, remain in the 6.375% area.

    The senior unsecured 144a/Reg S bond is Thursday's business. Deutsche
    Bank, HSBC and JP Morgan are the lead managers. (Reporting by Davide
    Scigliuzzo; Editing by Sudip Roy)

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