Thu, 3 April
8.1 C
Yerevan
USD: 391.16 RUB: 4.65 EUR: 422.18 GEL: 141.47 GBP: 505.97
spot_img

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

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img