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ARMENIA PICKS DEUTSCHE BANK, HSBC, JP MORGAN MAIN EUROBOND ORGANIZERS
Interfax, Russia
August 12, 2013 Monday
YEREVAN. Aug 12
Armenia, which plans to place its debut Eurobonds, has selected
Deutsche Bank AG, London Branch, HSBC Bank Plc, and JP Morgan
Securities Plc to be the issue's main organizers, the Armenian Finance
Ministry's website says.
The draft of a decision on the conclusion of agreements with the main
organizers for the issue with the aim of placing Eurobonds, present
by Finance Minister David Sargsyan, was confirmed at a government
meeting August 8.
The government approved the concept for the issue of forex bonds on
the international market back in May. It will be of $500 million with
a ten-year circulation period.
Armenian Prime Minister Tigran Sargsyan has said that some of the
Eurobond placement proceeds would go into inexpensive credits for the
country's private sector and some to servicing a stabilization credit
Russia provided in 2009. Russia and Armenia signed an agreement in
May of that year for a fifteen-year, $500 million state credit at
LIBOR+3%. The agreement envisions a grace period for the repayment
of principal; in the first five years only interest has to be paid.
Cf of
From: Emil Lazarian | Ararat NewsPress
Interfax, Russia
August 12, 2013 Monday
YEREVAN. Aug 12
Armenia, which plans to place its debut Eurobonds, has selected
Deutsche Bank AG, London Branch, HSBC Bank Plc, and JP Morgan
Securities Plc to be the issue's main organizers, the Armenian Finance
Ministry's website says.
The draft of a decision on the conclusion of agreements with the main
organizers for the issue with the aim of placing Eurobonds, present
by Finance Minister David Sargsyan, was confirmed at a government
meeting August 8.
The government approved the concept for the issue of forex bonds on
the international market back in May. It will be of $500 million with
a ten-year circulation period.
Armenian Prime Minister Tigran Sargsyan has said that some of the
Eurobond placement proceeds would go into inexpensive credits for the
country's private sector and some to servicing a stabilization credit
Russia provided in 2009. Russia and Armenia signed an agreement in
May of that year for a fifteen-year, $500 million state credit at
LIBOR+3%. The agreement envisions a grace period for the repayment
of principal; in the first five years only interest has to be paid.
Cf of
From: Emil Lazarian | Ararat NewsPress