Ardshinbank postpones deal after roadshow

Armenia abobe 230x150
By Ross Lancaster
21 Nov 2019

Armenian bank Ardshinbank has postponed a RegS/144A five year dollar loan participation note after a week on the road.

Ba3/B+ rated Ardshinbank mandated Citi and Renaissance Capital as joint bookrunners last week. One day after finishing a roadshow that took in Zurich, Frankfurt, London, New York and Boston, the issuer thanked investors “for their credit work and the interest expressed” and postponed the trade.

One investor who ...

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