On 20 December, the European Bank for Reconstruction and Development (EBRD) announced that it would participate as an anchor investor in Team Telecom Armenia’s €71.6 million sustainability-linked bond with an investment of €12.9 million.
By investing in Team Telecom Armenia’s inaugural bond issuance, the EBRD is helping the company to upgrade its infrastructure and expand its network, including its 4G+ coverage and fibre-to-home penetration rates. Proceeds will also go towards improving the company’s cybersecurity resilience and meeting its commitment to enhance gender equality.
More broadly, the project will contribute to the development of Armenia’s telecommunication network infrastructure while supporting its resilience and sustainability and furthering the progress of Armenia’s economy towards a sustainable digital future.
The International Financial Corporation, Asian Development Bank and Proparco are also investing in the bond issuance, which is listed on the Armenian Stock Exchange.
