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Interfax, Russia
September 20, 2013 Friday 1:37 PM MSK
Armenia places $700 mln in 7-yr notes at 6%
YEREVAN. Sept 20
Armenia has placed a debut $700 million in seven-year Eurobonds
yielding 6% to maturity, the country's Finance Ministry told Interfax.
Deutsche Bank AG, London Branch, HSBC Bank Plc and JP Morgan
Securities Plc underwrote the issue.
The government said earlier that the debut Eurobond issue would be
$500 million and would mature in 10 years.
Prime Minister Tigran Sarkisyan has said the proceeds from the bond
issue would go towards financing low-cost private-sector loans and to
service a 15-year $500-million stabilization loan that Russia issued
Armenia with in 2009 at LIBOR+3% with a five-year grace period on
principal debt.
September 20, 2013 Friday 1:37 PM MSK
Armenia places $700 mln in 7-yr notes at 6%
YEREVAN. Sept 20
Armenia has placed a debut $700 million in seven-year Eurobonds
yielding 6% to maturity, the country's Finance Ministry told Interfax.
Deutsche Bank AG, London Branch, HSBC Bank Plc and JP Morgan
Securities Plc underwrote the issue.
The government said earlier that the debut Eurobond issue would be
$500 million and would mature in 10 years.
Prime Minister Tigran Sarkisyan has said the proceeds from the bond
issue would go towards financing low-cost private-sector loans and to
service a 15-year $500-million stabilization loan that Russia issued
Armenia with in 2009 at LIBOR+3% with a five-year grace period on
principal debt.