Friday, July 14 2017 12:39
Alexandr Avanesov

Armenian Minister Discusses Improvement of Sovereign Rating with Delegation of Moody`s

ArmInfo. Minister of Energy  Infrastructures and Natural Resources of the Republic of Armenia  Ashot Manukyan received a delegation of the international rating  organization Moody's, headed by Matthew Srkostai, an analyst of the  Investment Service of the company in Singapore.

According to the press service of the Ministry, while welcoming the  guests, Ashot Manukyan presented the work carried out by the  department in the subsoil, energy and water sector. Implemented  projects, according to the head of the department, can positively  affect the formation of Armenia's sovereign rating.  Speaking about  the mining industry, it was noted that Yerevan submitted an  application for joining the Extractive Industries Transparency  Initiative. "I am confident that this will have a positive impact on  the sovereign rating of the republic," Ashot Manukyan said, adding  that parallel work is being done to digitize the entire information  base of the mining industry. Work in this direction will be completed  either by the end of this year or in early 2018, after which all  information will be available to all. In addition, amendments are  being prepared to the Subsoil Code, according to which the right to  develop deposits will be provided exclusively through open and  transparent tenders.

Presenting the situation in the energy sector, Ashot Manukyan  reported on the forthcoming liberalization of the electricity market  of the republic. He noted that the system of water management of the  country awaits liberalization.

Answering a question of the delegation members about the seismic  stability of the country's power plants, in particular, the Armenian  nuclear power plant, the minister stressed that the station in this  regard is at the forefront in the world.

During the meeting, the issue of providing ratings to Armenian  companies engaged in energy and mining sectors was also discussed. 


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000