ARMENIA ORDER BOOK ON SEVEN-YEAR BOND APPROACHING USD2BN
Reuters
Sept 19 2013
By Davide Scigliuzzo
Thu Sep 19, 2013 6:44pm IST
LONDON, Sept 19 (IFR) – Order books on the Republic of Armenia’s new
seven-year bond are heard approaching USD2bn with US orders still to
come in, according to market sources.
Initial price thoughts for the benchmark-sized issue, which is rated
Ba2 by Moody’s and BB- by Fitch, remain in the 6.375% area.
The senior unsecured 144a/Reg S bond is Thursday’s business. Deutsche
Bank, HSBC and JP Morgan are the lead managers. (Reporting by Davide
Scigliuzzo; Editing by Sudip Roy)