Armenia: bonds

Armenia is a landlocked country in the South Caucasus region of Eurasia.

Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the large agroindustrial complexes of the Soviet era. Armenia has only two open trade borders - Iran and Georgia - because its borders with Azerbaijan and Turkey have been closed since 1991 and 1993, respectively, as a result of Armenia's ongoing conflict with Azerbaijan over the separatist Nagorno-Karabakh region. Armenia's geographic isolation, a narrow export base, and pervasive monopolies in important business sectors have made it particularly vulnerable to the sharp deterioration in the global economy and the economic downturn in Russia. Armenia is particularly dependent on Russian commercial and governmental support and most key Armenian infrastructure is Russian-owned and/or managed, especially in the energy sector, including electricity and natural gas. Remittances from expatriates working in Russia are equivalent to about 20% of GDP and partly offset the country's severe trade imbalance. Armenia joined Russia in the Eurasian Economic Union upon the bloc's launch in January 2015.

Armenian Dram (AMD) - national currency of Armenia.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
AMD 45 573 393 956 000
USD 2 1 200 000 000
corporate
USD 23 265 130 498
AMD 15 13 689 590 560
EUR 1 10 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Rating-Agentur Expert RA *** Rating scale of the creditworthiness of sovereign governments (SGC) -National currency ***
Rating-Agentur Expert RA *** Rating scale of the creditworthiness of sovereign governments (SGC) - Foreign currency ***
Rating-Agentur Expert RA *** Rating scale of the country credit environment (CCE) rating - National currency ***
Rating-Agentur Expert RA *** Rating scale of the country credit environment (CCE) rating - Foreign currency ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Ardshinbank (Industrial Construction Bank), 12% 29jul2020, USD - International bonds XS1117287638 12% 100 000 000  USD 07/23/2015 07/29/2020
Armenia, 7.15% 26mar2025, USD - International bonds XS1207654853 7.15% 500 000 000  USD 03/19/2015 03/26/2025
Ardshinbank (Industrial Construction Bank), 12% 9dec2017, USD - International bonds XS1148552190 12% 75 000 000  USD 12/09/2014 12/09/2017
Armenia, 6% 30sep2020, USD - International bonds XS0974642273 6% 700 000 000  USD 09/19/2013 09/30/2020

Currencies

Daily indices

Type: 08/16/2017 08/15/2017 08/14/2017 08/11/2017 08/10/2017 08/09/2017 08/08/2017
Exchange rates of Central Banks (CIS)
USD/AMD  478.51 478.57 478.27 478.52 478.75 478.71 478.91
EUR/AMD  560.91 562.18 564.31 562.64 560.57 562.01 565.54
RUB/AMD  8.03 7.98 8.00 7.95 8.00 7.98 7.99
show other indices

Money market

Periodic indices

Type: Current value Change Last update
CIS Central Banks Rates
Refinancing Rate (Armenia), %  6.00 -0.25 14.02.2017
Deposit Rate (Armenia), %  4.50 -0.25 14.02.2017
Lombard Repo Rate (Armenia), %  7.50 -0.25 14.02.2017

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Armenia, 6% 30sep2020, USD   USD 09/30/2020 08/16/2017 ***.** *.** 08/16/2017 ***.** *.**
Armenia, 7.15% 26mar2025, USD   USD 03/26/2025 08/16/2017 *** *.** 08/16/2017 ***.** *.*
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150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
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150 000
issues: local and international bonds
170
countries
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