{"id":250249,"date":"2022-03-21T19:27:54","date_gmt":"2022-03-21T19:27:54","guid":{"rendered":"https:\/\/armbanks.am\/2022\/03\/21\/250249\/"},"modified":"2022-03-21T19:27:54","modified_gmt":"2022-03-21T19:27:54","slug":"regional-instability-may-affect-profitability-of-future-armenian-eurobonds","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/03\/21\/250249\/","title":{"rendered":"Regional instability may affect profitability of future Armenian Eurobonds"},"content":{"rendered":"\n<p><strong>YEREVAN, March 21. \/ARKA\/. <\/strong>Regional instability may affect the profitability of future Armenian Eurobonds, the\u00a0head of the Central Bank Martin Galstyan\u00a0told at\u00a0a meeting of the parliamentary commitee on fiscal policy today.<\/p>\n\n\n\n<p>&#8220;If Armenia&nbsp;issues now&nbsp;Eurobonds, the profitability will be more than 8%, because if the risk premium was usually 3%, now it is higher than 6%,&#8221; Galstyan said, explaining it by&nbsp;regional uncertainty.<\/p>\n\n\n\n<p>&#8220;Investors are demanding compensation of 6% for continued investment in this region instead of 3%. Nobody could have foreseen that this would happen,&#8221; he said.<\/p>\n\n\n\n<p>On February 4, 2021,&nbsp;Armenia&nbsp;successfully placed another issue of $750 million USD-denominated Eurobonds with a maturity of 10 years and a coupon yield of 3.6%.&nbsp;The placement yield was 3.875%, and the demand exceeded $3 billion.<\/p>\n\n\n\n<p>In April 2020,&nbsp;then&nbsp;Finance Minister Atom Janjughazyan said the government&nbsp;was considering the possibility of a new issue of Eurobonds, possibly even in drams.<\/p>\n\n\n\n<p>Armenia&nbsp;first issued $700 million worth dollar-denominated bonds in September 2013 at the yield of 6.25 percent. The bulk was used to repay a $500 million Russian loan ten years ahead of schedule.<br>Armenia&nbsp;sold a second issue of $500 million 10-year dollar bond on March 19, 2014 paying a yield of 7.5%.&nbsp;<br>Deutsche Bank, HSBC Bank and JP Morgan acted as underwriters. Of that amount, about $205.8 million was spent to buy back part of the previous dollar bond issue carried out in 2013.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regional instability may affect the profitability of future Armenian Eurobonds, the\u00a0head of the Central Bank Martin Galstyan\u00a0told at\u00a0a meeting of the parliamentary commitee on fiscal policy today<\/p>\n","protected":false},"author":1,"featured_media":174069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[],"class_list":{"0":"post-250249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250249"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/174069"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}