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