Sat, 8 November
14.1 C
Yerevan
USD: 382.54 RUB: 4.73 EUR: 441.83 GEL: 141.43 GBP: 501.40

Ardshinbank issues Eurobonds totaling $300 million

YEREVAN, January 24. /ARKA/. Ardshinbank has issued Eurobons in unprecedented amount – USD 300 million at the lowest ever interest rate – 6.5%, Armenian Prime Minister Nikol Pashinyan reported Thursday on his Facebook page.

“Demand for the issued Eurobonds exceeded USD 200 million. There were about 70 investors. This is a direct investment in our economy. This is a bright example of the economic revolution,” he wrote.

Ardshinbank CJSC (Ardshininvestbank before renamed Ardshinbank on November 13, 2014) was registered in February 2003. Ardshinbankis among Armenia’s Top Three banks. This is the only organization in Armenia to have ratings from two international rating agencies – Moody’s and Fitch.

On September 26, 2019, the Armenian finance ministry placed Eurobonds totaling $500 million at the international capital market. Their maturity term was 10 years and coupon yield 3.95%, which is significantly lower than that of the two previous emissions. -0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img