YEREVAN, March 9. /ARKA/. In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.
According to the report, both green bonds and sustainability-linked bonds are available on the Armenian market. Issuers include Ameriabank, National Mortgage Company, Electric Networks of Armenia, and Telcell Armenia.
Thus, Ameriabank has green bonds worth €42 million, $8 million, and AMD 3 billion, while Telcell Armenia has sustainability-linked bonds worth $45 million, $20 million, and AMD 3.9 billion. Issuers also include the National Mortgage Company (green bonds worth $26 million) and Electric Networks of Armenia (two green bond issues worth $30 million).
The Central Bank’s table lists issue dates from November 2020 to December 2024. Coupon rates for most issues range from 3.05% to 11.5%.
