“Renshin” urban development and investment company announces the successful completion of the allocation phase for its nominal coupon bonds’ debut issuance. All the 3 series of bonds in AMD and US Dollars, presented as part of the company's offering with a total program volume of AMD 10 billion, were fully sold out. \"Ameriabank\" CJSC acted as the allocation partner for the process.
","detailText":"\"Our debut step into the capital markets has exceeded our expectations, with all the series getting fully realized. This provides us with the financial flexibility to execute even larger and more ambitious projects that are already in the development stage,\" mentions “Renshin”’s Chief Financial Officer Kristine Chichyan. \"This success is the result of collaborative work and joined efforts. We thank our underwriter, Ameriabank, our financial partners, and, most importantly, our investors for sharing this historic milestone with us.\"
\n\"The use of such tools helps strengthen the institutional connection between the capital market and the real sector, where investment resources are channeled into the creation of real assets and the generation of long-term economic value,\" notes Kristine Chichyan. \"As an industry leader, we acknowledge the importance of developing an alternative financial ecosystem in the country. The local capital market is becoming increasingly mature, and “Renshin” is proud to be one of the pioneers of this ecosystem.\"
\nFollowing the completion of the placement, the company will apply to the Armenia Securities Exchange in accordance with the established bond listing procedure, after which the bonds will be freely traded on the secondary market.
\nAbout \"Renshin\":
\n“Renshin” is an urban development and investment company with over 24 years of experience, having completed approximately 1 million square meters of high-quality development. The company is implementing transformational projects such as Artlife Kempinski Residences Yerevan, Skyline, World Trade Center Yerevan, ensuring reliability, transparency, and world-class quality at their highest standards in the market.
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