Tue, 10 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenia issues $700 million worth US dollar bonds

YEREVAN, September 20, /ARKA/. The Republic of Armenia’s has set a final yield of 6% on its first issue of a benchmark-sized US dollar bond, the ministry of finance said. The maturity period is seven years.

The sovereign, rated Ba2 by Moody’s and BB- by Fitch, released initial price thoughts of 6.375% area on the issue earlier on Thursday. The bonds were expected to price later on Thursday via Deutsche Bank, HSBC and JP Morgan.

Earlier the Armenia’s parliament approved in the final reading a bill, exempting non-residents’ income earned from investing in the Armenian government foreign-currency denominated bonds from income tax. According to a deputy finance minister Suren Karayan , it is aimed to encourage investments of non-residents in Armenian bonds. -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img