YEREVAN—Ameriabank is offering its clients a unique opportunity to obtain US dollar sovereign Eurobonds issued in Armenia and circulated on the global capital market, the bank’s press office reported.
According to the report, demand for Armenian Eurobonds has already exceeded $3 billion. Armenia placed its first Eurobonds on September 19 this year, worth a total of $700 million. The redemption period is 7 years and yield is 6%. The main underwriters of the issue were Deutsche Bank AG, HSBC Bank PLC and J.P. Morgan Securities PLC.
The price formed was lower than the offer price resulting in a 6.25% yield for investors, according to the report.
Fitch Ratings assigned a BB outlook to the Republic of Armenia dollar bonds and Moody’s gave a Ba2.
As part of its brokerage services, Ameriabank provides an opportunity for transactions through various financial instruments, such as shares, bonds, futures, forex depository certificates, and others.
Ameriabank closed joint stock company is a universal bank offering investment, corporate and retail banking services in a complex solution package. Ameriabank has been providing a wide range of innovative banking services since 2007.
