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ARMENIA PLANS SECOND ISSUE OF $500 MILLION EUROBONDS -WSJ
YEREVAN, March 12. / ARKA /. Armenia is planning to meet investors
in the U.S. and UK to discuss issuing its second dollar bond, The
Wall Street Journal (WSJ) reported citing one of the banks arranging
the roadshow.
Deutsche Bank, HSBC and JP Morgan are the banks hired to run the
meetings, which are due to start March 16, WSJ said.
Armenia is likely to raise $500 million for between seven and 10 years
from the new bond sale, which could be issued as soon as Thursday
next week, it said.
In addition to the new deal, Armenia is offering to buy back up to
$200 million of its previous dollar bond issue. It will pay face value
for the bonds, which are currently trading at around 98 cents on the
dollar. The final settlement date is March 26.
The government of Armenia released today the prospectus for the
issuance of bonds without mentioning dates and interest rate.
Plans to sell more Eurobonds at international debt markets were
announced by the government on January 30 in order to finance its
budget deficit. More relating agreements were signed on March 10.
Armenia first issued $700 million worth dollar-denominated bonds
in September 2013 at the yield of 6.25 percent and used the bulk
of that money to repay a $500 million Russian loan ten years ahead
of schedule.-0-
http://arka.am/en/news/business/armenia_plans_second_issue_of_500_million_eurobond s_wsj/#sthash.Ox3eXz1j.dpuf
From: A. Papazian
YEREVAN, March 12. / ARKA /. Armenia is planning to meet investors
in the U.S. and UK to discuss issuing its second dollar bond, The
Wall Street Journal (WSJ) reported citing one of the banks arranging
the roadshow.
Deutsche Bank, HSBC and JP Morgan are the banks hired to run the
meetings, which are due to start March 16, WSJ said.
Armenia is likely to raise $500 million for between seven and 10 years
from the new bond sale, which could be issued as soon as Thursday
next week, it said.
In addition to the new deal, Armenia is offering to buy back up to
$200 million of its previous dollar bond issue. It will pay face value
for the bonds, which are currently trading at around 98 cents on the
dollar. The final settlement date is March 26.
The government of Armenia released today the prospectus for the
issuance of bonds without mentioning dates and interest rate.
Plans to sell more Eurobonds at international debt markets were
announced by the government on January 30 in order to finance its
budget deficit. More relating agreements were signed on March 10.
Armenia first issued $700 million worth dollar-denominated bonds
in September 2013 at the yield of 6.25 percent and used the bulk
of that money to repay a $500 million Russian loan ten years ahead
of schedule.-0-
http://arka.am/en/news/business/armenia_plans_second_issue_of_500_million_eurobond s_wsj/#sthash.Ox3eXz1j.dpuf
From: A. Papazian