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ArmInfo. Economist Suren Parsyan believes that the fifth and final issue of Eurobonds ended up costing Armenia more than the previous ones. The economist pointed out that in 2013, Armenia issued Eurobonds for the first time in its financial history, amounting $500 million. This amount was mainly used to repay the Russian interstate debt. Later, the government continued to issue Eurobonds several times to pay off previous debts and acquire additional loans.
