Corporate Bonds & Financial Performance
The strategic growth of ML Fashion LLC is built upon outstanding unit economics, rising EBITDA margins, and a rigorous capital-stabilization program. Driven by the regional rollout, operating margins are projected to expand from 10.12% in 2025 to 18.07% by 2029.
To finance this expansion, we plan to issue corporate bonds, which will ensure sustainable financial growth for the company.
The Program Prospectus for the nominal coupon bonds of ML FASHION LLC was registered by Decision No. 1/301 A of the Governor of the Central Bank of the Republic of Armenia dated 8 July 2026.
The placement of the nominal coupon bonds of ML FASHION LLC will take place from 29 July 2026 until 4:30 p.m. on 20 August 2026.
To purchase the bonds, investors must, in accordance with the prescribed procedure, complete and duly deliver or submit to Cube Invest CJSC a Bond Purchase Application/Applications.
After duly completing and delivering a Bond Purchase Application to Cube Invest CJSC, legal entities and/or individuals wishing to purchase the bonds must, no later than 4:30 p.m. on the relevant bond purchase date, transfer the amount payable for the number of bonds specified in the Bond Purchase Application-Order to account No. 1660030016400900 opened with Evocabank OJSC for the purposes of the issuance.
Electronic copies of the Program Prospectus and the Final Terms of Issuance may be downloaded via the relevant links in the "Corporate Documents" section of this page and from the Underwriter's website at www.cubeinvest.am. Printed copies of the mentioned documents may be obtained from Cube Invest CJSC at 10 Vazgen Sargsyan Street.
Key Terms of the Bonds
| CLASS | Nominal coupon bonds |
|---|---|
| ISIN | AMMLFSB21KT2 |
| PAR VALUE | AMD 100,000 |
| TOTAL ISSUANCE VOLUME | AMD 500,000,000 |
| QUANTITY | 5,000 |
| MATURITY PERIOD | 36 months |
| ISSUE DATE | 29 July 2026 |
| REDEMPTION DATE | 29 July 2029 |
| ANNUAL COUPON RATE | 13.00% |
| COUPON PAYMENT FREQUENCY | Quarterly |
| UNDERWRITER | Cube Invest CJSC |
Contact Market Maker
The bond placement was completed on August 12, 2026. To buy or sell bonds on the secondary market, please contact the Market Maker.
- Market Maker: "Cube Invest" CJSC
- Address: 10 V. Sargsyan St., Yerevan, Armenia
- Telephone: +374 11 800810
