Tuesday, September 9 2014 14:24
Operations with Armenian eurobonds implemented at $36.37 million at the secondary market for Jan-July 2014
Arminfo. Operations with Armenian eurobonds were implemented at $36.37 million at the secondary market for Jan-July 2014, and the weighted average return was fixed at the level 5,45% for the reported period.
As Armenian Central Bank reported, the biggest volume of operations with eurobonds at the secondary market for the reported period was fixed in January and February - $10.27 mln and $7.9 mln respectively. The highest weighted average return was also fixed during these months - in January - 5,81% and in February - 5,76%. The smallest volume of operations with eurobonds was fixed in May - $1 mln, and the lowest weighted average return - in June - 4,25%. After falling of operations with eurbonds in May, their number grew twofold in June and July and reached $5,14 mln in August with the weighted average return - 4,98%.
In July versus January, the volume of the operations with the Armenian eurobonds at the secondary market reduced twofold and the weighted average return dropped by 0.83 points. This volume grew twofold versus June and the weighted average return grew by 0.73 points.
To note, thanks to falling of the rate of return of eurobonds, they have also managed to reduce the rates of public bonds by 3,5-4,5 points (depending on the terms of circulation). So, the return of the 5 year old public bonds reduced from 14% to 9,9%, and of the 10 year old ones - from 15,9% to 11,3%, and of the 20 year old ones - from 15,6% to 12,1%.
To recall,the emission of the Armenian eurobonds took place at the end of September 2013, with a volume $700 mln, the return 6,25%, circulation term - 7 years and the coupon payments once for six months.
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