Armenia returns to market after brief hiatus
The Republic of Armenia has mandated banks to arrange a dollar bond just months after its brief conflict with Azerbaijan over the disputed Nagorno-Karabakh territory. The sovereign is the latest high yielding emerging market government to tap debt markets.
The sovereign, rated Ba3/B+ by Moody’s and Fitch, is seeking to print a Reg S/144A 10 year dollar benchmark.
Citi, HSBC and JP Morgan will be joint lead managers and bookrunners, with global investor calls starting on Monday.It is the first time Armenia is entering international ...