📢 Armenia Successfully Prices Its First Eurobond in Four Years! 🇦🇲💰
Armenia has issued a $750 million Eurobond maturing in 2035, with a 7.10% yield, after initially offering 7.5%. The bond attracted strong investor demand, with total orders exceeding $2.6 billion, allowing the country to tighten the yield significantly.
💡 Key Issue Details:
📌 Ratings: BB-/BB- (S&P/Fitch)
📌 Maturity: March 12, 2035
📌 Coupon: Semi-annual
📌 Denominations: USD 200k x USD 1k
📌 Final Pricing: 7.10% (down from the initial 7.5%)
📌 Lead Managers: Citi, Crédit Agricole, and JP Morgan
🔎 What Does This Mean for Investors?
    •    The bond’s strong demand highlights growing market confidence in Armenia’s economy.
    •    Comparables include Turkey’s 6.5% 2035 bonds trading at 7.25% and Uzbekistan’s bonds, which investors considered for benchmarking.
Source: bit.ly/armeniaeurobonds
