ArmInfo.The successful placement of Armenian sovereign bonds on international platforms should serve as a signal for large companies and banks in Armenia. Deputy Prime Minister Mher Grigoryan adheres to this point of view.
According to him, the government of the country actually did half the job by opening the market conjuncture. This fact, noted Mher Grigoryan, should become a serious help for domestic companies and banks to place their securities on international markets in order to attract additional financial resources from foreign markets. Moreover, according to the current situation, the possible risks of the state are minimized. To remind, Armenia has placed among international investors the 4th issue of 10-year debt securities in the amount of $ 750 million.
the annual yield of bonds of the 4th issue was lower than the yield of the 3rd issue - 3.875% versus 4.625%. Investors' demand 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.
