On March 12, at the Armenian stock exchange, placement of government bonds worth 30 billion drams (over $74 million) took place.
According to AMX Armenia, particular interest was aroused by the volume of the bond auction with the code AMGN36294269 and a maturity period of 3 years, which amounted to 30 billion drams. The total demand for these bonds exceeded 49.4 billion drams (over $122 million).
The weighted average auction yield was set at 9.8508%, with an annual coupon yield of 9%.
Government bonds are available for purchase both on the trading floor of the Armenian Stock Exchange and through the online platform gp.minfin.am.
You can find details of the bond auctions here.
It is worth noting that in 2023, Armenia's public debt grew by 11.4%, or $1.2 billion, reaching $11.8 billion by the end of the year. According to the schedule of government debt repayment until 2054, Armenia faces significant financial obligations in the coming years.
In 2024 alone, the country will need to allocate around $1.7 billion for repayment and servicing of its government debt, excluding the debt of the Central Bank of Armenia. The financial burden increases in subsequent years, with more than $1.8 billion planned for 2025 and around $1.4 billion for 2026.
