Thursday, September 6 2012 19:26
Armenia is ready to emission of eurobonds, Ameria Group thinks
Arminfo. At present the issue of the first eurobonds is the most expedient time for Armenia, representative of Ameria Group, Arno Mosikyan, told journalists today when replying to Arminfo correspondent's question, how much the Armenian market is ready to issue bonds for external markets.
He said that the private sector of the country is absolutely ready to the operations with eurobonds. The state sector is also ready, but here it is necessary to take into consideration the strategy of management of the state external debt of the country. First of all, the financial structures of the country are ready to work with eurobonds, but unfortunately, the eurobonds market prefers big companies, as a minimal volume of emissions has been fixed.
He also added that the issue of eurobonds for Armenia is an alternative source of financing, as at present the country depends only on finances of international donor structures.
He said that it is very much possible that in Armenia the state will become the first emitter of eurobonds, the first issue of which is foreseen in an amount from $200 up to $500 mln.
Asked what are the requirements to the companies that want to become emitters of eurobonds, Mosikyan replied: "First of all, they should have transparency of financial activity, the system of corporative management and the potential of long-lasting development should be available", - Mosikyan concluded.
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