YEREVAN, August 31. /ARKA/ The bonds of LLC ‘ML FASHION’, operating in the Armenian retail fashion market, have been listed on the Armenian Stock Exchange.
A traditional ‘bell ringing’ ceremony was held at the exchange last week to mark the company’s entry into the capital market.
The ML FASHION bonds, with a total nominal volume of 500 million drams, will be included in the secondary exchange list Bbond. The nominal value of 5,000 bonds is 100,000 drams, with a coupon yield of 13% and a maturity period of 36 months. The bonds can also be traded on an address basis and repo transactions can be concluded.
The placement of the bonds was organized by the investment company ‘Cube Invest’. The program prospectus of the coupon bonds of LLC ‘ML FASHION’ was registered by a decision of the Chairman of the Central Bank of the Republic of Armenia on July 8, 2026.
The placement period is from July 29, 2026, to August 20, 2026. Now investors can participate in the exchange trading of the company’s bonds starting from August 26 by contacting the investment company Cube Invest.
“We welcome this step from the perspective of the economy as a whole, since there are few companies in the fashion sector represented in the capital market. This once again confirms that there is no need to be afraid to attract funds in the capital market; on the contrary, one must be bold and courageous, act transparently, as issuers do, including, for example, ML FASHION,” said AMX CEO Haik Eganian in response to a question from ARKA agency.
Speaking about Cube Invest, Eganian noted that it is one of the leading investment companies, which is one of the most important organizers of placements.
“In essence, whatever you do, if there is no company providing investment services, the capital market cannot develop. The capital market develops thanks to the activity of companies like Cube Invest,” he emphasized.
“For the company, this is a new step, essentially a new path of development that allows it to use such instruments offered by the modern capital market as bonds,” said the chairman of the board of LLC ‘ML FASHION’ Yegishe Danielyan.
In response to a question from ARKA agency, he noted that the funds raised through the bonds will be directed towards achieving strategic goals: further development of the company, expansion of the existing store network, and attracting new brands.
“For us, this is the beginning of a partnership, as experience shows that capital markets do not imply one-time participation. It is a long-term process,” said the CEO of JSC ‘Cube Invest’ Mikael Margaryan.
According to him, the demand for ML FASHION bonds came from both retail and institutional investors.
“I would like to note that recently, within the framework of the state subsidy program, there has been quite high activity and a significant influx of issuers into the capital markets, which is very welcome in any country with a developed or developing financial sector,” he said in response to a question from ARKA agency.
About ML FASHION
LLC ‘ML FASHION’ was founded in 2017 and represents world-renowned fashion brands in Armenia. The company’s portfolio includes the brands Zarina and Punt Roma. Owning a network of 14 stores in Yerevan, Gyumri, Vanadzor, and Echmiadzin, the company continues to develop the culture of modern retail in Armenia.
The funds raised from the bond issuance will be directed, in particular, to the import of new brands and assortments, the development of the Zarina and Punt Roma brands, and entering the Georgian market.
About ‘Cube Invest’
‘Cube Invest’ is one of the leading investment companies in Armenia, specializing in capital markets, investment portfolios, and bond placements. The company aims to provide a transparent and controlled investment environment, offering professional advice and reliable solutions to both institutional and private investors.
About the Armenian Stock Exchange
The Armenian Stock Exchange is the only operator of the regulated securities market operating in the republic. AMX offers a full range of exchange services: listing, trading, clearing, and information services, as well as alternative exchange solutions.
