Armenia returns for first bond in fours with pricey 10 year

Armenia abobe 230x150
By Lewis McLellan
19 Sep 2019

Armenia is in the market for its first sovereign Eurobond in four years, hitting screens with a 10 year $500m no-grow.

The issuer selected Citi and JP Morgan to run the books for the Reg S/144A benchmark, which comes to market after a roadshow in the US and London.

The leads offered initial price thoughts of 4.625% area. “It looks well priced to me,” said an emerging markets portfolio manager. “I ...

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