Armenia is preparing for a new Eurobond issuance in 2025, Minister of Finance Vahe Hovhannisyan announced during a year-end press conference. According to him, the country has already mitigated refinancing risks by repurchasing part of the Eurobonds maturing in 2025.
The upcoming Eurobond issuance will be Armenia’s fifth. Initially planned for 2024 under the Government Debt Management Strategy for 2022-2024, the timeline has been adjusted.
The minister emphasized that the early repurchase of a portion of the 2025 Eurobonds has significantly reduced the debt burden for the upcoming year. Exact dates for the new issuance will be announced later.
By the end of 2024, Armenia’s Ministry of Finance expects the country’s public debt to rise to 50% of GDP, with projected economic growth of 5.5%.
According to Ministry forecasts, Armenia’s public debt will reach $15.6 billion in 2025, equivalent to 56.5% of GDP. Government debt is projected to stand at $15 billion, or 54.3% of GDP. Approximately $2.4 billion will be required for servicing and repaying government debt in 2025.
