YEREVAN, May 18. / ARKA /. Eurobond transactions at Armenia’s secondary market totaled $8 million in March 2015, down from $24.2 million in February, the Central Bank of Armenia says in its monthly bulletin for March.
In March the average yield on Armenian Eurobonds was 6.35%, down from 6.63% in February.
The total amount of Armenian Eurobond transactions at the secondary market in the first quarter of 2015 was $64. 5 million with an average yield of 6.64%.
Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent. The bulk was used to repay a $500 million Russian loan ten years ahead of schedule.
Armenia sold a second issue of $500 million 10-year dollar bond on March 19 paying a yield of 7.5%. Deutsche Bank, HSBC Bank and JP Morgan acted as underwriters. Of that amount, about $205.8 million was spent to buy back part of the previous dollar bond issue carried out in 2013.-0-
