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Armenia Starts Marketing 10-Year US Dollar Benchmark

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  • Armenia Starts Marketing 10-Year US Dollar Benchmark

    ARMENIA STARTS MARKETING 10-YEAR US DOLLAR BENCHMARK

    Reuters
    March 19 2015

    By Helene Durand
    Thu Mar 19, 2015 5:11am EDT

    LONDON, March 19 (IFR) - The Republic of Armenia has started marketing
    a new 10-year US dollar benchmark bond issue, according to a lead.

    Initial price thoughts on the US$500m expected trade have been set
    7.625% area.

    Deutsche Bank, HSBC and JP Morgan are leading the Ba3/B+
    (Moody's/Fitch) rated trade that is expected to be priced later today.

    (Reporting by Helene Durand, editing by Anil Mayre)

    http://www.reuters.com/article/2015/03/19/armenia-bonds-idUSL6N0WI19I20150319

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