“Solis” CJSC’s bonds were listed on the Armenia Stock Exchange
The range of companies listed on the Armenia Stock Exchange (AMX) continues to expand, contributing to the development of the capital market and creating new opportunities for businesses. Today, “Solis” CJSC, a renewable energy company owned by the EU-Armenia SME Fund, managed by Amber Capital, is entering the capital market. The company’s core business is the sale of electricity generated by photovoltaic solar power plants. “Solis” CJSC’s presence in the capital market will further strengthen the connection between Armenia’s renewable energy sector and its financial market.
A traditional “bell ringing” ceremony at the Armenia Stock Exchange (AMX) officially marked “Solis” CJSC’s entry into the capital market, signaling a new milestone in the company’s growth and development.
Starting from August 18, investors will be able to buy and sell “Solis” CJSC bonds on the exchange through the banks or investment companies that are members of the exchange.
“Solis” CJSC’s bonds, with a total nominal value of 2,000,000 USD will be included in the primary Abond list of the Armenia Stock Exchange. A total of 20,000 bonds, each with a nominal value of 100 USD and offering an 8% annual yield, will be listed, with a 48-month circulation period. These bonds will also be available for targeted trading.
The bond placement was carried out by Ameriabank between June 4 and June 29, 2026.
The CEO of the Armenia Stock Exchange, Hayk Yeganyan, stated:
“Solis’s entry into the capital market represents a significant step not only for the company’s future development, but also for sectoral diversification within the capital market. This listing makes a new sector and investment opportunity accessible to investors, while the Exchange continues to expand the range of companies choosing transparent capital market instruments to support their growth, contributing to the sustainable development of the country’s financial system.
We are confident that Solis’s listing will not only support the company’s further growth, but also serve as an example for other businesses, encouraging greater interest in the capital market and contributing to a more active investment environment.”
“Entering the capital market is an important step in Solis’s development. Today, the renewable energy sector can not only contribute to Armenia’s energy independence and sustainable development but can also become a long-term and institutional investment direction for the capital market. The strong investor interest in our bonds and their full placement ahead of the scheduled deadline are important signals of confidence for us.
We believe that the further development of Armenia’s capital market can create new financing opportunities for the real economy, including the renewable energy sector, and support the implementation of new investment projects,”-noted Karen Arabyan, Director of “Solis” CJSC.
“The issuance of “Solis” bonds is an important event for diversification of Armenia’s capital market and the creation of new investment opportunities, as the solar energy generation sector is still insufficiently represented in the capital market. The sector is characterized by stable and predictable cash flows and is particularly attractive for the fixed-income instruments market. We believe that demand for Solis bonds will also be strong in the secondary market, especially among investors seeking lower-risk investment opportunities,” noted- Shushanik Hovsepyan, Head of Capital Markets at Ameriabank.
“Solis” CJSC’s solar power plants are located across different regions of Armenia, creating a geographically balanced portfolio and contributing to the generation of sustainable, clean energy across the country. The company’s activities are focused on strengthening Armenia’s energy security through institutional oversight, professional management, and a long-term investment approach. By applying modern technologies and advanced equipment, the company develops, manages, and operates solar power plants over the long term, ensuring efficient, reliable, and environmentally friendly electricity generation.
Approximately 75% of the funds raised through the bond placement will be allocated to refinancing existing loans, while the remaining 25% will be directed toward capital expenditures and business expansion.
The Armenia Stock Exchange will continue to support the entry of responsible and transparent companies into the market, fostering a trusted investment environment and promoting the financing of the real economy through capital market instruments.
Armenia Stock Exchange (AMX) is the only securities regulated market operator in Armenia. As an integrated exchange offering, AMX provides a full suite of services including listing, trading, clearing, information services, and alternative market solutions. Investors receive a wide range of investment products and maximum transparency, together with the smooth and efficient execution and clearing of trade transactions. Being a 100% shareholder of the Central Depository of Armenia, AMX also provides integrated settlement solutions for both resident and non-resident clients by utilizing the central depository’s international settlement network and relationships with global depositories.
The mission of AMX is to enhance and develop the infrastructure of the Armenian capital market and create an attractive business environment.