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ARMENIA MANDATES BANKS FOR US DOLLAR BOND
Reuters
March 12 2015
By Michael Turner
Thu Mar 12, 2015 3:44pm IST
LONDON, March 12 (IFR) - The Republic of Armenia has mandated
Deutsche Bank, HSBC and JP Morgan to arrange investor meetings for
a US dollar-denominated bond, according to a lead.
The meetings will take place in the US and London, beginning from
March 16 for a potential Reg S/144A benchmark-sized bond.
Armenia has also announced a tender offer to buy back up to US$200m
of its outstanding US$700m bonds due September 2020.
Bondholders have until March 18 to sell their bonds back to the
sovereign under the offer.
Armenia is rated Ba3 with a negative outlook by Moody's and B+ with
a stable outlook by Fitch. (Reporting By Michael Turner; edting by
Alex Chambers)
http://in.reuters.com/article/2015/03/12/armenia-bonds-idINL5N0WE1IK20150312
From: Baghdasarian
Reuters
March 12 2015
By Michael Turner
Thu Mar 12, 2015 3:44pm IST
LONDON, March 12 (IFR) - The Republic of Armenia has mandated
Deutsche Bank, HSBC and JP Morgan to arrange investor meetings for
a US dollar-denominated bond, according to a lead.
The meetings will take place in the US and London, beginning from
March 16 for a potential Reg S/144A benchmark-sized bond.
Armenia has also announced a tender offer to buy back up to US$200m
of its outstanding US$700m bonds due September 2020.
Bondholders have until March 18 to sell their bonds back to the
sovereign under the offer.
Armenia is rated Ba3 with a negative outlook by Moody's and B+ with
a stable outlook by Fitch. (Reporting By Michael Turner; edting by
Alex Chambers)
http://in.reuters.com/article/2015/03/12/armenia-bonds-idINL5N0WE1IK20150312
From: Baghdasarian