Armenia launches $500 million 10-year notes at 7½% yield

By Christine Van Dusen

Atlanta, March 19 – Armenia launched a $500 million issue of notes due March 26, 2025 (Ba3//B+) at a yield of 7½%, a market source said.

The notes were talked at a yield in the 7 5/8% area.

Deutsche Bank, HSBC and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

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