Armenia may conduct a Eurobond issue in 2019 or 2020 and will use the proceeds to repay its foreign debt, a finance ministry official said on Friday, November 18, according to Reuters.

"We may issue new Eurobonds on the international market at the end of 2019 or beginning of 2020," Arshaluys Margaryan, the finance ministry debt department chief, told Reuters.

"The main goal of the issue will be efficient management of the state debt."

Margaryan did not specify the amount or other details of the future issue.