January 27, 2020 | Cbonds
|This week Ardshinbank (B1/-/B+), one of the largest banks in Armenia, placed five-year Eurobonds worth USD 300 million with an aggregate demand of USD 450 million.|
As of today, only two corporate issuers of this country are present in the Eurobond market, this is the third issue of Eurobonds for Ardshinbank.
The coupon rate was set at the lower limit of price guidance and amounted to 6.5% per annum. The option spread to UST was 491.7 basis points.
The underwriters were Citigroup and Renaissance Capital.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Bank for Industry, Construction and Investment closed joint stock company (Ardshininvestbank, ASHIB)|
|Country of risk||Armenia|
|Country of registration||Armenia|