YEREVAN, August 27. /ARKA/. The bonds of ML FASHION, operating in the Armenian fashion retail market, have been listed on the Armenian Stock Exchange:
A traditional 'bell ringing' ceremony took place at the exchange to mark the company's entry into the capital market:
The bonds of ML FASHION, 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 placement of the bonds was organized by the investment company Cube Invest:
Investors can now participate in the exchange trading of the company's bonds:
An Important Step for the Economy
“We welcome this step as there are few fashion companies represented in the capital market,” said AMX CEO Aik Eganian:
He noted a high interest from Armenian companies in attracting financing in this way:
Bonds as a Tool for Development and Expansion
“For the company, this is a new step that allows it to utilize modern capital market instruments such as bonds,” said the chairman of the board of ML FASHION, Egishe Danielyan:
He noted that the funds raised through the bonds will be directed towards achieving strategic goals:
About Cube Invest
Cube Invest is one of the leading investment companies in Armenia specializing in capital markets:
About the Armenian Stock Exchange
The Armenian Stock Exchange is the only operator of the regulated securities market in the country:
