Texting is available for authorized users.
Please register or log in at the website.
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Ardshinbank for the first time since 2015 entered the market of euro-loans

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.

Issue: Ardshinbank (Industrial Construction Bank), 6.5% 28jan2025, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingArmenia01/28/2025300,000,000 USDBa3/-/B+

Company: Ardshinbank (Industrial Construction Bank)

Full company nameBank for Industry, Construction and Investment closed joint stock company (Ardshininvestbank, ASHIB)
Country of riskArmenia
Country of registrationArmenia


Similar news:
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools