{"id":69943,"date":"2014-01-30T08:43:01","date_gmt":"2014-01-30T08:43:01","guid":{"rendered":"https:\/\/armbanks.am\/2014\/01\/30\/240137\/"},"modified":"2024-12-15T13:09:24","modified_gmt":"2024-12-15T13:09:24","slug":"reduced-government-bond-yield-to-change-bank-rate-in-armenia-minister","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/01\/30\/69943\/","title":{"rendered":"Reduced government bond yield to change bank rate in Armenia \u2013 Minister"},"content":{"rendered":"

YEREVAN, January 30. \/ARKA\/.<\/strong> Reduced yield on government bonds will lead to changes in Armenia\u2019s bank rates, Armenia\u2019s minister of finance David Sargsyan told a press conference Wednesday.<\/p>\n

According to Central Bank information for November, yield is about 8.6% for short-term bonds, 10.2% for mid-term and 15.6% for long-term bonds.<\/p>\n

The minister said AMD bond yield declined by 4-4.5 percentage points already in December. Yield of 5-year bonds is 9.99% now compared to about 14% before; that of 20-year bonds is 11.6% against 16.4% before.<\/p>\n

The market of dram government bonds will continue changing due to consistent measures that allowed issuing euro bonds, the minister said.<\/p>\n

In fact, Armenia demonstrated to investors that it is no sense to attract dram bonds at 14-16% when dollars bonds at 6.25% can be attracted, Sargsyan said.<\/p>\n

According to the minister, this led to reduced rates in Armenia\u2019s bond market.<\/p>\n

It will have a serious impact on interest rates on deposits and loans offered by Armenia\u2019s banks, the minister said. Certain changes could be expected this year, he added.<\/p>\n

Armenia issued its debut euro bonds on September 19, 2013. Total volume of the issue was $700 million; the maturity was seven years and yield at 6.25%. The main underwriters were Deutsche Bank AG, London Branch, HSBC Bank plc and J.P.Morgan Securities plc.\u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

Reduced yield on government bonds will lead to changes in Armenia\u2019s bank rates, Armenia\u2019s minister of finance David Sargsyan told a press conference Wednesday<\/p>\n","protected":false},"author":1,"featured_media":156837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[15837,13081,12200,524],"class_list":{"0":"post-69943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-government-bonds","11":"tag-minister","12":"tag-524"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/69943","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=69943"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/69943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156837"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=69943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=69943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=69943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}