Tue, 23 September
13.1 C
Yerevan
USD: 382.85 RUB: 4.58 EUR: 451.57 GEL: 141.09 GBP: 517.23

Central Bank: new bond issuances expected in Armenia in 2020

YEREVAN, February 5. /ARKA/. New bond issuances are expected in Armenia this year, Martin Galstyan, a member of the Central Bank Board, said in an interview with Civilnet the day before.

He said the current year will be quite active in terms of placing bonds on the market. ‘We will come up with a number of initiatives, to be designed to help boost the local securities market,” Galstyan said.
Galstyan said also that some of the initiatives will be aimed at making investment companies more known and open so that more interested economic entities make investments.

On September 26, 2019, Armenia’s Ministry of Finance, placed $500 million worth of Eurobonds on the international capital market with a 10-year maturity and 3.95% coupon yield, which is significantly lower than the coupon yield of the bonds of the previous two issues.

Armenia first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent and a maturity of 7 years. The bulk of $700 million was used to repay a $500 million Russian loan ten years ahead of schedule. The second issue was carried out in March 2015 in the amount of $500 million with a yield of 7.25% and a maturity period of 10 years. .

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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

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

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.

LATEST NEWS

spot_imgspot_imgspot_img