Financial Performance and De-leveraging
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 fund this expansion, we have launched a structured corporate bond program. This capital engineering supports our transition to a de-leveraged, debt-free corporate balance sheet , with our borrowed-funds-to-equity ratio projected to drop from 3.6x in 2025 to a highly conservative 0.04x by 2029.
Corporate Bond Program Details
- Security Type: Nominal, coupon corporate bonds.
- Form of Bonds: Non-documentary (book-entry).
- Total Issuance Volume: 500,000,000 AMD.
- Nominal Value per Bond: 100,000 AMD.
- Quantity՝ 5,000 bonds
- Coupon Rate՝ 13%
- Coupon Frequency: Quarterly.
- Maturity Period: 36 months.
- Underwriter: "Cube Invest" CJSC.
The Program Prospectus has been officially submitted to the Central Bank of the Republic of Armenia for registration and will be published on this page immediately upon registration.
Contact Underwriter
Physical and legal entities wishing to acquire ML Fashion corporate bonds are invited to contact the underwriter:
- Underwriter: "Cube Invest" CJSC
- Address: 10 V. Sargsyan St., Yerevan, Armenia
- Telephone: +374 11 800810
