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Published on 1/27/2020 in the Prospect News Emerging Markets Daily.

New Issue: Armenia’s Ardshinbank prices $300 million 6˝% five-year eurobonds

Chicago, Jan. 27 – Armenia’s Ardshinbank CJSC priced $300 million 6˝% eurobonds (Ba3//B+) with a five-year tenor, according to a notice.

A dollar-denominated issue has been expected from the bank since mid-November 2019.

The notes were expected to be issued through special-purpose vehicle Dilijan Finance BV for the purpose of financing a loan to Ardshinbank.

The issuer is a Yerevan, Armenia-based bank.

Issuer:Dilijan Finance BV
Amount:$300 million
Maturity:Five years
Description:Eurobonds
Coupon:6˝%
Announcement date:Jan. 23
Ratings:Moody’s: Ba3
Fitch: B+

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