Proceeds of Placement of Government Bonds May Be Used In Several Ways
The proceeds of placement of Armenia government bonds to the amount of USD700mn will be used in a number of ways. In particular, they will be used to repay the debt under the Russian loan of USD500mn. This is what Finance Minister David Sargsyan told the news conference, which was held today at the Government Press Center (GPC) following the Cabinet meeting. The transaction is supposed to help considerably improve the quality of the Armenian government’s external debt portfolio. In... more »
