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

January 27, 2020
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
    outstanding
  • Country of risk
    Armenia
  • Redemption (put/call option)
    *** (***)
  • Amount
    300,000,000 USD
  • М/S&P/F
    — / — / —
  • Full name
    Bank for Industry, Construction and Investment closed joint stock company (Ardshininvestbank, ASHIB)
  • Registration country
    Armenia
  • Industry
    Banks