Tuesday, January 26 2021 22:17
Karine Melikyan

The price of new tranches of Armenian Eurobonds continues to grow  rapidly

The price of new tranches of Armenian Eurobonds continues to grow  rapidly

ArmInfo. The price of new tranches of Armenian sovereign Eurobonds continues to grow rapidly. Today, Armenia has placed among international investors the 4th issue  of 10-year debt securities in the amount of $ 750 million. The  established annual yield of the 4th issue bonds was lower than the  yield of the 3rd issue - 3.875% versus 4.625%.

According to the Bloomberg information system, the demand of  investors for Armenian debt securities exceeded $ 2.5 billion. The  initial target for the yield of Eurobonds to maturity in February  2031 was 4.375-4.5% per annum.

The main underwriters of the 4th tranche were City Bank, J.P. Morgan  Securities plc. and HSBC Bank Plc.  The Ministry of Finance of  Armenia confirmed the fact of the placement, but refused to comment  on it, saying that an official announcement about it would be in the  coming days.

Note that Armenia issued the previous third tranche of Eurobonds on  September 19, 2019 for a period of 10 years in the amount of $ 500  million, the second tranche was also issued for the same period in  the amount of $ 500 million and was issued on March 19, 2015, and the  debut issue took place on September 19, 2013 in the amount of $ 700  million for a period of 7 years. The yield on the first tranche was  6.25%, the securities were redeemed by September 30, 2020. The yield  on the second tranche was 7.5%.

The main underwriters of the Armenian eurobonds of the 3rd issue were  J.P. Morgan Securities plc. and City bank. To ensure the availability  of not only foreign but also local investors, sovereign Armenian  Eurobonds of the 3rd issue began to be quoted on the AMX Armenian  Stock Exchange. Local investors' access to Armenian Eurobonds was  opened thanks to the active cooperation of the Central Depository of  Armenia (CDA) with a partner, Clearstream Banking Luxemburg. 


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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