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 65 587 071 256 000
USD 2 1 200 000 000
corporate
USD 16 219 475 776
AMD 11 11 714 451 568

News and comments

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
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
Armenia, 0% 15jan2018, AMD - Domestic bonds 0% 1 500 000 000  AMD 01/16/2017 01/15/2018
Ameriabank, 10.75% 1nov2018, AMD - Domestic bonds AMAMRBB22ER1 10.75% 1 000 000 000  AMD 12/30/2016 11/01/2018
Armenia, 0% 30mar2017, AMD - Domestic bonds AMGT13303178 0% 3 000 000 000  AMD 12/29/2016 03/30/2017
Armenia, 0% 26jun2017, AMD - Domestic bonds AMGT26266172 0% 4 000 000 000  AMD 12/26/2016 06/26/2017
Armenia, 0% 27mar2017, AMD - Domestic bonds AMGT13273173 0% 3 200 000 000  AMD 12/26/2016 03/27/2017
Armenia, 0% 20feb2017, AMD - Domestic bonds AMGT08202179 0% 4 000 000 000  AMD 12/26/2016 02/20/2017
Armenia, 0% 23jun2017, AMD - Domestic bonds AMGT26236175 0% 3 000 000 000  AMD 12/23/2016 06/23/2017
Armenia, 0% 21mar2017, AMD - Domestic bonds AMGT13213179 0% 3 000 000 000  AMD 12/20/2016 03/21/2017
Armenia, 0% 16jun2017, AMD - Domestic bonds AMGT26166174 0% 3 000 000 000  AMD 12/16/2016 06/16/2017
Armenia, 0% 14mar2017, AMD - Domestic bonds AMGT13143178 0% 3 000 000 000  AMD 12/13/2016 03/14/2017

CIS Bond Market statistics

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Bond market (other CIS)
Gov. bonds outst., USD mln (Armenia) 815.93 771.40 732.42 668.83 643.82 589.13 604.75
Corp. bonds outst., USD mln (Armenia) 59.39 62.64 50.15 50.18 50.58 50.55 44.53
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Currencies

Daily indices

Type: 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017 12/30/2016
Exchange rates of Central Banks (CIS)
USD/AMD  485.92 485.68 485.39 485.00 484.71 484.63 483.94
EUR/AMD  514.49 517.01 516.45 510.80 513.65 509.93 512.20
RUR/AMD  8.16 8.17 8.18 8.07 8.08 8.09 7.88
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Money market

Periodic indices

123Type: Current value Change Last update
CIS Central Banks Rates
Refinancing Rate (Armenia), %  6.25 -0.25 27.12.2016
Deposit Rate (Armenia), %  5.25 -0.5 27.09.2016
Lombard Repo Rate (Armenia), %  8.25 -0.5 27.09.2016

Macroeconomic Indicators (CIS)

Monthly indices

Type Nov 2017 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Macroeconomic indicators (CIS)
Monthly Inflation, % (Armenia) 1.00 1.00 0.50 0.10 -0.50 -2.30 -0.50
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Аrchives

Daily indices

Type: 12/29/2015 12/28/2015 12/25/2015 12/24/2015 12/23/2015 12/22/2015 12/21/2015
old and liquidate
ASB FR 1M Bid 482.05 481.05 481.05 483.06 480.05 478.85 478.35
ASB FR 1M Ask 490.53 489.53 489.53 491.54 488.52 487.32 486.82
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Yearly indices

Type 2015 2014 2013 2012 2011 2010 2009
old and liquidate
GDP at current prices (Armenia), USD mil. 10 560.00 9 528.20 10 400.00 10 066.00 9 895.30 9 600.00 8 714.00