Armenia launches US$500m 10-year bond at 7.5% yield

YEREVAN, MARCH 20, ARMENPRESS: Armenia has launched a US$500m 10-year bond at a yield of 7.50%, according to a lead, Armenpress reports, citing Reuters.This compares with initial price thoughts of 7.625% area, which were released earlier on Thursday.

Deutsche Bank, HSBC and JP Morgan are running the 144A/Reg S deal.Armenia is rated Ba3 by Moody's and B+ by Fitch.