The leader of the real sector of the economy enters the capital market
On July 8, during a traditional bell ringing ceremony at the Armenian Stock Exchange (AMX), it was officially announced that the bonds of one of the leading companies in the construction sector of Armenia, RenShin, have been listed. This marks a new institutional phase in the company's development in the capital market, based on the principles of transparency, accountability, and the creation of new investment opportunities.
For investors and participants in the capital market, the diversified nature of the issued securities is significant. In particular, the company's nominal coupon bonds will circulate on the secondary market (Bbond) in 3 different issuances:
- Drama issuance (36 months): total volume of 2.3 billion AMD, nominal value of 1 million AMD, and an annual yield of 12.00% (2,300 pieces).
- Dollar issuance (36 months): total volume of 10 million USD, nominal value of 10,000 USD, and an annual yield of 8.00% (1,000 pieces).
- Dollar issuance (60 months): total volume of 10 million USD, nominal value of 10,000 USD, and an annual yield of 8.50% (1,000 pieces).
The distribution of the securities was carried out through Ameriabank CJSC. Furthermore, the distribution of the dram bonds took place from February 2, 2026, to May 5, while the dollar bonds were distributed until May 29. Shushanik Hovsepyan, head of the Capital Markets Department at Ameriabank, stated that the bank will also act as a market maker for these bonds, aiming to create a deep and active secondary market. She emphasized that this issuance ensured the entry of a key sector of the economy into the stock exchange, while the different maturities and currencies provide excellent opportunities for investors to diversify their portfolios.
The entry of RenShin into the capital market was also highly appreciated by Haik Eganian, the General Director of the Armenian Stock Exchange, who noted that the active involvement of companies from the real sector contributes to the sustainable development of the economy and the deepening of the market. “The listing of bonds provides the company with the opportunity to attract long-term financial resources for the implementation of its strategic programs, while simultaneously increasing the company's transparency and recognition,” he added.
For RenShin, which has a history of about 25 years and has completed 1 million square meters of high-quality construction, this is a natural stage of development. The company's financial director, Kristina Chichyan, noted that this listing marks a new phase of financial development for RenShin. She emphasized that this was the company's first issuance that was fully distributed, confirming investors' high confidence in the company's strategy. “Entering the capital market is also a commitment for us to operate transparently, follow international best practices, and maintain high standards of corporate governance. We are confident that we will also present new issuances in the near future,” she noted, thanking partners.
