YEREVAN, September 22 /ARKA/. The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of “IKO Machinery” LLC, a company operating in both Armenia and international markets. The company specializes in import and sale of mining and construction machinery, the provision of warranty and post-warranty maintenance, and equipment rental services, striving to continuously develop innovative solutions, ensure high-quality service, and strengthen its reputation as a reliable partner in the international market.
Currently, “IKO Machinery” LLC also collaborates with leading global manufacturers, offering qualified equipment maintenance and technical support services.
Today, the traditional bell-ringing ceremony took place at the exchange, symbolizing the company’s entry into the capital market and the start of a new phase of development.
Bonds issued by “IKO Machinery” LLC, with a total nominal volume of AMD 1,100,000,000, have been admitted to the Armenia Securities Exchange’s free bond market (Cbond). Trading will be permitted for 11,000 bonds, each with a nominal value of AMD 100,000, a coupon yield of 12.50%, and a maturity period of 36 months. It will also be possible to conduct negotiated trades and enter into repo transactions with these bonds.
The placement of the bonds was carried out between August 17 and 19, 2026, through “Cube Invest” CJSC.
Hayk Yeganyan, CEO of the Armenia Securities Exchange, noted:
“We are pleased to see a company operating in both Armenia and international markets enter the capital market. The use of capital market instruments by companies is a significant step toward diversifying funding sources and expanding opportunities for long-term development.
We are confident that the funds raised through the bond issuance will contribute to the implementation of the company’s strategic plans, the further expansion of its operations, and the creation of new development opportunities.”
“The issuance and full placement of ‘IKO Machinerie’s’ corporate bonds within just two working days demonstrate the high level of investor confidence and the market’s positive attitude toward the company’s operations.
Issuing bonds on the Armenian stock market marks a significant step in ‘IKO Machinerie’s’ development, strengthening the company’s position in the financial market while providing greater flexibility and new financing opportunities for its operations,” noted Hayk Martirosyan, General Director of ‘IKO Machinery’ LLC.
“We are pleased that ‘Cube Invest,’ acting as the bond underwriter, has contributed to ‘IKO Machinery’ LLC’s entry into the capital market. Corporate bonds enable companies to diversify their funding sources and raise capital for development.” Thanks to the strong cooperation and mutual trust established with our investors and institutional investors, we succeeded in placing the entire volume of bonds within a matter of days.
“Cube Invest will continue to support companies in leveraging capital market opportunities and creating new prospects for investors,” stated Mikayel Margaryan, CEO of Cube Invest CJSC.
IKO Machinery LLC began its operations in Armenia in 2012 with the aim of introducing mining and construction machinery from leading international manufacturers to the local market. Over the years, the company has expanded its operations, becoming the official representative of the Komatsu and Dynapac brands and a dealer for Manitou in Armenia, offering not only equipment sales but also rental, maintenance, repair, and spare parts supply services.
Today, the company continues to expand its services and technical capabilities, focusing on ensuring the efficient and uninterrupted operation of equipment for its customers. The company intends to use the proceeds from the bond issuance to refinance loans and develop its business by expanding its range of international brands through the import of new-generation equipment. By continuing to foster a modern and competitive investment environment, the Armenia Securities Exchange supports the entry of responsible companies into the capital market, thereby contributing to the economy’s sustainable and long-term development.
