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Armenia issues $750M eurobond in bid to manage national debt: THIS WEEK IN BUSINESS

  • A free trade deal between the Eurasian Economic Union and Iran will go into effect mid-May, a development observers say could significantly boost Armenia’s economy.
  • Armenia’s Central Bank left interest rates unchanged at 6.75%, citing increased global uncertainty and risks amid U.S. President Donald Trump’s escalating trade war.
  • Armenia issued a $750 million eurobond on the London Stock Exchange as it seeks to manage its growing national debt. The bond matures in 10 years with a 7.1% yield.
  • Officials defended Armenia’s new cryptocurrency regulations, even as firms decried the rules as too onerous and warned they could lead to the sector’s virtual elimination.
  • Interview with Central Bank Deputy Chair Armen Nurbekyan (in Armenian).
  • Interview with Bitcoin Armenia’s Eduard Avetisyan (in Armenian).

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