Euro bond transactions at secondary market total $1.5 million in May 2015

YEREVAN, July 9. /ARKA/. Armenia’s Euro bond transactions at secondary market totaled $1.5 million in May 2015 against $7.2 million in April 2015, the Central Bank of Armenia says in its monthly bulletin.

Armenian Euro bonds’ average yield was 6.09% in May against 6.44% in April.

According to the central bank’s report, Armenian Euro bond transactions at secondary market totaled $73.2 million in Jan-May 2015, and the Euro bonds’ average yield was 6.44%.

The first issue of Armenian Euro bonds worth $700 million was carried out on September 19, 2013. The then Euro bonds’ maturity term was 7 years and their average yield was 6%.

Of this amount, $205.8 million has already been repaid from the money received from the auction of the second-issue Euro bonds.

The second issue amounted to $500 million was auctioned on March 19, 2015. Its yield averaged 7.5%. –0–

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