Time in Yerevan: 11:07,   20 April 2024

Government might issue Eurobonds again

Government might issue Eurobonds again

YEREVAN, 30 JANUARY, ARMENPRESS. The Armenian government is preparing to distribute new Eurobonds and has approved the decision on concluding agreements with the international legal consultant and the main distributor. Armenia’s Deputy Minister of Finance Vakhtang Mirumyan mentioned that measures need to be taken to ensure the inflow of foreign capital in order to neutralize the negative impact that the recent developments in the global economy have been having on Armenia’s economy. According to him, there is currently a favorable environment in the global financial markets for the distribution of foreign bonds and, taking into consideration the shifts in the market, that might be a possibility in the short run.

 In response, Deputy Prime Minister of the Republic of Armenia, Minister of International Economic Integration Vache Gabrielyan mentioned that this measure is strictly important. “We must not only view it from the angle of bringing in capital. We’re talking about the opportunities of receiving money from global markets. I can inform you that at this moment, the bonds of the Republic of Armenia are at a favorable percentage threshold in the secondary market. In 2013, Armenia distributed Eurobonds at 6 percent. Now, trade is being made in the global and secondary markets at the same percentage rate. If we can include these sums, that will also be an important signal,” Gabrielyan said, as “Armenpress” reports.








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