CUBE Invest becomes first investment company to list bonds on Armenia Stock Exchange

CUBE Invest CJSC has listed AMD 5 billion in bonds on the Armenia Stock Exchange, becoming the first investment company to do so. The move gives the Armenian firm a new funding source and adds a fresh issue to AMX’s secondary bond market.

Why it matters: - CUBE Invest’s listing expands the range of issuers on the Armenia Stock Exchange and adds another corporate bond to Armenia’s capital market. - The company plans to use the proceeds to support liquidity, infrastructure and technology upgrades. - The listing gives investors a new bond to trade through AMX member banks and investment companies.

What happened: - CUBE Invest CJSC became the first investment company to list bonds on the Armenia Stock Exchange (AMX). - The bonds have a total nominal value of AMD 5 billion. - Trading is set to begin on 9 November 2026. - CUBE Invest marked the listing with a bell-ringing ceremony.

The details: - The issue includes 50,000 bonds with a nominal value of AMD 100,000 each. - The bonds have a maturity of 36 months. - The coupon rate is fixed at 10.50% for the first six months, then switches to a floating rate. - AMX will include the bonds in its secondary bond market list. - The bonds will be eligible for negotiated trading and repurchase agreements, or repos. - Investors will be able to trade the bonds through banks and investment companies that are members of the exchange. - CUBE Invest completed the bond placement on 11 September 2026. - The company says the funds will help strengthen liquidity, develop infrastructure and improve technology. - CUBE Invest plans to upgrade its digital platforms, further develop its web and mobile applications, and launch new products using technologies including artificial intelligence.

Between the lines: - The listing gives CUBE Invest a public-market financing channel while signaling deeper use of Armenia’s exchange infrastructure by financial-sector firms. - Mikayel Margaryan, chief executive officer of CUBE Invest CJSC, said the listing is an important milestone for the company and a contribution to the development of Armenia’s capital market. - CUBE Invest was founded in 2017, joined AMX in 2022 and operates as an investment and brokerage company. - The company is also a member of the Association for Financial Markets in Europe and participates in the Tabadul platform. - CUBE Invest says it aims to use technology to make investment opportunities more accessible to clients.

What's next: - The bonds are expected to trade on AMX after the listing date. - Investors can access the issue through exchange-member banks and investment companies. - CUBE Invest plans to channel the capital into product development and digital expansion.