Reuters news agency disseminated information that Armenia has placed $500 million of Eurobonds. In other words, the country has taken on a new, half-billion dollar foreign debt by way of Eurobonds, Haykakan Zhamanak daily reported.    

“According to the agency’s information, the yield of these Eurobonds—that is, the interest rate of this new debt—is 7.5 percent per year, and the repayment period is 10 years. In other words, we [, Armenia,] must return 875 million dollars over the course of 10 years. This is the priciest foreign debt the Armenian government has ever included.    

“It is noteworthy that, as of midnight yesterday [, Thursday], neither the Ministry of Finance nor the Central Bank had formally announced about the placing of the Eurobonds,” Haykakan Zhamanak wrote.