The risk premium on Armenian Eurobonds has decreased from 400 to 190 basis points: Central Bank Governor

YEREVAN, May 5. /ARKA/. The risk premium on Armenian Eurobonds has decreased significantly, from 400 to 190 basis points, stated Martin Galstyan, Governor of the Central Bank of Armenia.

“This indicator represents the difference in yield between our Eurobonds and US government bonds. We have an objective indicator—the risk premium. It has currently decreased from the previous 400 basis points, or about 4%, to 190 basis points. The yield on government bonds denominated in Armenian drams has also decreased significantly,” Galstyan noted at a parliamentary session on Tuesday.

According to him, the yield on ten-year dram-denominated government bonds currently exceeds 8%.

“Moreover, the main investors are not only Armenian banks and financial institutions, but also reputable international companies. For example, Barclays and Morgan Stanley invest in Armenian dram-denominated government bonds,” Galstyan said.

The head of the Central Bank emphasized that Armenia “has gone from zero to a level where the share of government debt held by international institutional investors has approached 10%.”

Earlier, in January 2026, Armenian Finance Minister Vahe Hovhannisyan announced a reduction in the risk premium on Armenian Eurobonds, calling it historically low. According to him, while in March 2025, Eurobonds were issued at a rate of 7.1%, and the risk premium was 2.86%, or 286 basis points, in January 2026 this figure had fallen to 196 basis points, or 1.96%.

spot_img

POPULAR

“The Power of One Dram” to “Orran” Charitable Non-Governmental Organization

YEREVAN, August 12. /ARKA/. The July beneficiary of "The Power of One Dram" initiative was "My Forest Armenia" environmental non-governmental organization.

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

ACBA Federation summarizes achievements for 2025

YEREVAN, August 13. /ARKA/. The ACBA Federation, dedicated to fostering innovative agriculture in Armenia, enhancing sector competitiveness, and empowering communities, has summed up its activities for the year 2025.

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

IKO MACHINERY LLC issues bonds totaling 1.1 billion drams, with Cube Invest serving as placement arranger

YEREVAN, August 13. /ARKA/. By Decision No. 1/305 A issued by the Chairman of the Central Bank of the Republic of Armenia on July 15, 2026, the Program Prospectus for the nominal coupon bonds of IKO MACHINARY LLC has been officially registered.

LATEST NEWS

spot_imgspot_imgspot_img