14.03.2025
Release on New Eurobond Issuance by the Republic of Armenia
- On 5 March 2025, the Republic of Armenia successfully allocated a USD 750 mln 10-year Eurobond with a 7.100% yield in international markets.
- The coupon of the new Eurobond is 6.750%.
- This is the 5th Eurobond issued by the Republic of Armenia.
- The issuance is made pursuant to the 2025 State Budget Law and is included in the 2025 Borrowing Plan.
- The net proceeds of the issue of the Eurobonds will be applied to general governmental purposes.
Pricing Terms
|
Issuer |
The Republic of Armenia, acting through the Ministry of Finance |
|
Rating of the Issuer |
BB- (Stable) S&P / BB- (Stable) Fitch / Ba3 (Stable) Moody’s |
|
Principal Amount |
USD 750,000,000 |
|
Pricing date |
5 March 2025 |
|
Settlement date |
12 March 2025 |
|
Maturity date |
12 March 2035 |
|
Coupon |
6.750% |
|
Price |
97.524% |
|
Yield |
7.100% |
|
US 10 year Benchmark |
4.625% due 15 February 2035 |
|
US 10 year Benchmark rate |
4.24% |
|
Spread to Benchmark |
286 bps |
|
Listing |
London Stock Exchange |
The securities referred to in this announcement will not be or have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
