Thursday, December 12 2019 15:38
Alexandr Avanesov

ADB to provide a loan of 36.5 mln euros to Armenia for the second  program of social efficiency and financial markets

ADB to provide a loan of 36.5 mln euros to Armenia for the second  program of social efficiency and financial markets

ArmInfo.For the implementation of the second program of social efficiency and  financial markets, the Asian Development Bank will provide a loan of  36.5 million euros to Armenia. At an extraordinary meeting on  December 12, the Armenian parliament discussed the draft agreement  with the Bank submitted by the government of the country.

According to the Deputy Minister of Finance of Armenia Armen  Hayrapetyan, the agreement with ADB was signed on November 14, 2019.  According to the Deputy Minister, the timely receipt of these credit  resources is important from the point of view of financing the  expenses stipulated by the provisions of the state budget of 2019.  The program provided for reforms in the field of financial markets  and capital markets, which is the main condition for granting a loan.  The main objective of the project is to strengthen fiscal stability  in Armenia, the development of financial markets and the capital  market. The scope of the program includes, in particular,  strengthening the management of public debt and fiscal risks,  increasing the liquidity of the money market and transparency of the  financial market, the development of corporate debt and stock  markets. Armenia fulfills all these requirements, which were  evaluated by the Bank, which ultimately resulted in a loan. The  entire amount of financial resources will be directed to paying off  the state budget deficit in 2019. ADB will provide Armenia with a  loan for 15 years, with a grace period for payments in the first 3  years and a floating rate of 6-month EURIBOR + 0.6% with a fixed  spread and a 0.1% discount rate on the loan. The frequency of  payments for servicing a loan is semi-annual. Unpaid loan amount is  calculated as obligation of 0.15% of the loan starting from the 60th  day from the date of signing the contract. 

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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