Armenia begins tender offer for up to $200 million of 6% notes due 2020

By Susanna Moon

Chicago, March 12 – The Republic of Armenia, acting through the Ministry of Finance, said it began a tender offer for up to $200 million of its $700 million 6% notes due 2020.

The purchase price will be par plus accrued interest.

The tender offer will end at 5 p.m. ET on March 18, with payment following on March 26.

Armenia is carrying out the tender offer concurrently with a new notes offering in order to extend the weighted average maturity of its public debt, while also preserving the liquidity of its public debt, according to a press release.

The tender offer is conditioned on the issue of new notes.

Requests for information may be directed to Deutsche Bank AG, London Branch (+44 0 20754 58011, email: liability.management@db.com, attn: liability management group), HSBC Bank plc (+44 20 7992 6237, 888 HSBC-4LM, collect: 212 525-5552 or email: liability.management@hsbcib.com, attn: Liability Management Group) or J.P. Morgan Securities plc (+44 20 7134 2468, email: em_europe_lm@jpmorgan.com, attn: Liability Management).

Lucid Issuer Services Ltd. (+44 20 7704 0880, attn: Thomas Choquet, email: Armenia@lucid-is.com) is the tender agent.

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