Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Arthur Yernjakyan
Armenia issued its debut eurobonds on 19 September, the Armenian Finance Ministry told ArmInfo.
Deutsche Bank AG, LondonBranch, HSBC Bank plc and J.P.Morgan Securities plc are the key underwriters of the issue. The debut issue of eurobonds for $700 mln with a 7-year maturity and 6% yield was placed successfully. Moody's Rating for Armenia is "Ba2" outlook stable. Fitch Ratings has assigned Armenia foreign and local Issuer Default Ratings (IDR) of "BB-" with a Stable Outlook.
Earlier, Prime Minister of Armenia Tigran Sargsyan said the issue of eurobonds was a political decision. Armenia seeks to redeem the stabilization loan from Russia through placement of eurobonds.