Sun, 7 September
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Issuing eurobonds great achievement for Armenia: WB

YEREVAN, November 20. /ARKA/. Armenia’s issue of Eurobonds and coming to international capital market is a great achievement, World Bank regional director for the South Caucasus Henry Kerali said.

On September 19 Armenia issued the first Eurobonds setting the final yield of 6%. The maturity period is seven years. The main underwriters were Deutsche Bank AG, London Branch, HSBC Bank plc и J.P.Morgan Securities plc.

According to Keral, the World Bank considers Armenia a mid-income country.

In other words, Armenia is not among poorest and neither richest countries, Kerali told a press conference Tuesday.

Kerali stressed poor countries cannot afford issuing Eurobonds. Eurobond issue shows the country reached a level where it can be trusted in the capital market, he said.

The Eurobond issue concept was backed by Armenia’s government in May. Respective legislation changes were made to foster non-resident investments in Armenia’s Eurobonds.

According to Armenia’s ministry of finance, demand for the bonds exceeded $3 billion.–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

LATEST NEWS

spot_imgspot_imgspot_img