Friday, November 15 2019 17:11
Naira Badalian

Armenian State Interest Fund agreed with Russian Fund for Direct  Investments to establish a joint fund

Armenian State Interest Fund agreed with Russian Fund for Direct  Investments to establish a joint fund

ArmInfo.  On November 15, Prime  Minister of Armenia, Nikol held a consultation during which a report  on the activities of the State Interest Fund of Armenia (ANIF) was  presented, and further steps of the fund were discussed.

According to the press service of the Prime Minister of Armenia,  Pashinyan was informed about the budget and expenses of the Fund,  attracting investments, fulfilling strategic tasks, steps aimed at  implementing specific investment programs.

Work with investors on the implementation of specific programs in the  areas of renewable energy, construction, light industry, food  industry, agriculture, healthcare and other fields, as well as steps  to raise funds were presented.  It was reported that an agreement was  reached with the Russian Fund for Direct Investments on the creation  of a joint fund, and the process of registering ANIF representative  offices in Abu Dhabi, Moscow and Paris has already begun.  The Prime  Minister noted the importance of the fund's effective activities in  the above areas and noted the importance of attracting professional  investors to Armenia.  To recall, in April 2019, the Armenian  government decided to establish the "State Interest Fund of Armenia"  CJSC. According to the justification, the purpose of creating such a  fund is to support the development of the Armenian economy by  attracting investments, including foreign ones. The company through  full and comprehensive consultation and support will contribute to  increasing the flow of investments in the RA, developing the  potential of the Armenian economy and introducing the results of  scientific and technological development in various sectors of the  economy, improving the business environment in Armenia and creating  and improving favorable conditions for the business sector by  offering and implementation of industry programs.

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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 5.8314%

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2

The maturity date of T-bills

03.02.2020

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