YEREVAN, March 17. /ARКА/. The head of Armenia’s Ministry of Finance, Vahe Hovhannisyan, called the issuance of 10-year Eurobonds worth $750 million with a yield of 7.1% on March 5 “very successful.”
“This is a very successful issuance, which, on the one hand, demonstrates Armenia’s macroeconomic stability and, on the other hand, reflects the high level of trust in Armenia of international investors. The bond issuance also entails certain restrictions,” he said.
Hovhannisyan also noted that there is a specific deadline for their publication and promised to provide more detailed information on the issue at a press briefing after this deadline, “since we see that there are certain questions in our esteemed society.”
As reported earlier by the Ministry of Finance, this is Armenia’s fifth Eurobond issuance on the international capital market, as provided by the RA law on the state budget for 2025 and included in the 2025 borrowing program. The net proceeds from the Eurobond issuance will be used to finance the state budget deficit. The Eurobonds have been listed on the London Stock Exchange and have a rating of BB- (stable) from S&P, BB- (stable) from Fitch, and Ba3 (stable) from Moody’s.
