Armenia: state bonds yield hit AMD 1 599 445 681September 9, 2010 - 20:49 AMT PanARMENIAN.Net - Series AMGB20072283 long term state bonds (maturity date: 20 years) were auctioned on September 9. The state bond issue’s volume totaled AMD 3.5bln, while their demand - AMD 2.7bln, the press service of the RA Ministry of Finance reported. The state bonds yield hit AMD 1 599 445681. The average weighted bond yield made 16.4770%, with 16.5000% cut-off point. Seven agents partook in the auction. The market average rate of USD totaled AMD 388,20 on Feb 2, increasing by 0.89 point compared to Feb 2. Armenian Prime Minister: though Armenia has no oil deposits, it has other more important resources such as human capital. India, Iran's second-biggest oil client after China, buys 12 percent of its oil needs from the Islamic nation. Libya had still only recovered a fraction of the $100 bln in assets frozen overseas during the country's bitter civil war. |