BSTDB to Issue Local Currency Bond in Armenia

June 16, 2017 - Cbonds


BSTDB will issue a debut public bond in Armenian Drams. The bond will be for AMD 2,000,000,000 with a semi-annual fixed coupon and a final maturity of three years.

Placement will be by auction via NASDAQ OMX Armenia OJSC, on 27th June 2017.

Underwriter is Araratbank OJSC.
Issuer: The Black Sea Trade and Development Bank
Issuer profile:
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, an... more
Outstanding issues:
1 issuesUSD500,000,000
1 issuesCHF100,000,000
2 issuesGEL108,000,000
2 issuesRON102,000,000
Issuer rating:
Moody's Investors ServiceA2/StableLT- foreign currency09/30/2016
S&P Global RatingsA-/StableForeign Currency LT01/16/2013