Armenian News - Tert.am
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06:58 Jan 17, 2024
EBRD and Amundi-ACBA Asset Management continue close collaboration with landmark transaction Cross-currency repo transaction supports Armenian-dram-denominated loans to private sector Innovative transaction improves the efficiency of pension fund management and strengthens development of capital markets in Armenia The European Bank for Reconstruction and Development (EBRD) and Amundi-ACBA Asset Management are joining forces to facilitate access to local currency financing and strengthen the local capital market in Armenia. In an innovative move, the EBRD and Amundi-ACBA have executed the first cross-currency repo transaction, setting a new threshold for secure and strategic financial transactions in Armenia. The transaction was executed under the Global Master Repurchase Agreement, which the two entities signed on 21 June 2023. This landmark transaction has allowed the EBRD to pledge high-quality liquid assets denominated in hard currency and receive local currency funds in return. This cross-currency repo ag...