Armenia Starts Marketing 10-Year US Dollar Benchmark

ARMENIA STARTS MARKETING 10-YEAR US DOLLAR BENCHMARK

Reuters
March 19 2015

By Helene Durand
Thu Mar 19, 2015 5:11am EDT

LONDON, March 19 (IFR) – The Republic of Armenia has started marketing
a new 10-year US dollar benchmark bond issue, according to a lead.

Initial price thoughts on the US$500m expected trade have been set
7.625% area.

Deutsche Bank, HSBC and JP Morgan are leading the Ba3/B+
(Moody’s/Fitch) rated trade that is expected to be priced later today.

(Reporting by Helene Durand, editing by Anil Mayre)