Ameriabank first to offer brokerage services on debut eurobonds in Armenia
11.11.2013,
11:13
Ameriabank is offering its clients a unique opportunity to obtain US dollar sovereign Eurobonds issued in Armenia and circulated on the global capital market, the bank’s press office reported.
YEREVAN, November 11. /ARKA/. Ameriabank is offering its clients a unique opportunity to obtain US dollar sovereign Eurobonds issued in Armenia and circulated on the global capital market, the bank’s press office reported.
According to the report, demand for Armenian Eurobonds has already exceeded $3 billion. Armenia placed its first Eurobonds on September 19 this year, worth a total of $700 million. The redemption period of 7 years and yield is 6%. The main underwriters of the issue were DeutscheBankAG, HSBCBankplc and J.P.MorganSecuritiesplc.
The price formed was lower than the offer price resulting in a 6.25% yield for investors, according to the report.
Fitch Ratings assigned BB outlook to the issue of Republic of Armenia dollar bonds and Moody’s gave Ba2.
As part of its brokerage services Ameriabank provides an opportunity for transactions through various financial instruments, such as shares, bonds, futures, forex depository certificates and others, according to the report.
Ameriabank closed joint stock company is a universal bank offering investment, corporate and retail banking services in a complex solution package. Ameriabank has been the first investment bank in Armenia. It has been providing a wide range of innovative banking services since 2007. –0--
