YEREVAN , JANUARY 29 , ARMENPRESS. The percentage rates of profitability of the first Eurobonds issued by Armenia has tendency to reduction, which certifies about the growth of the investors' confidence towards them. If at the moment of issue their profitability rate was set as 6.25, then now their profitability rate has reached approximately 5,825. The Minister of Finance of the Republic of Armenia Davit Sargsyan stated this summing up the achievements of the previous year at the course of the press conference held on January 29 . As reports "Armenpress" among other things the Minister of Finance of the Republic of Armenia Davit Sargsyan underscored: "The Armenian Eurobonds are successfully circulating in the secondary markets. The decrease of their percentage rate proves that our bonds enjoy the investors' confidence. This is very important for us. It's of a certain importance that the demand of the state bonds in foreign currency exceeds the volume of their issue for several times. This shows that the investors are interested in the Armenian bonds." Armenia allotted first Eurobonds in the international capital market on September 19 . The main distributors such as Deutsche Bank AG , HSBC Bank plc , and J.P. Morgan Securities plc have already successfully finished the first allotment. The amount must be USD 700 million , date of redemption – seven years, percentage – 6 percent. Armenia's rating was assessed as Ba2 by Moody's and BB- by Fitch. The Minister of Finance of the Republic of Armenia Davit Sargsyan noted that the international experts of the realm highly appreciated the results of the distribution of the first sovereign Eurobonds and the entrance of Armenia to the international capital market is considered to be successful.
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