Armenia has launched foreign currency state bonds – Eurobonds – to the tune of USD 500 million.

The main underwriters are Deutsche Bank, HSBC and JP Morgan, Reuters writes.
 
The maturity of the bond issue at a yield of 7.50% is 10 years.

Armenia is rated Ba3 by Moody's and B+ by Fitch.

It should be noted that this is Armenia’s second issue of Eurobonds. They were first launched on September 19, 2013 – USD 700million 7-year bonds at a yield of 6.25%.