ArmInfo. Agrotech (AGROTECH), one of the largest suppliers of products and technologies for greenhouse farms and agricultural production in Armenia, has entered the corporate debt market, announcing the issuance of nominal coupon bonds totaling 600 million AMD to fund its strategic expansion. The investment company CUBE INVEST is serving as the underwriter.
Key terms of the bond issuance: nominal value- AMD 100,000, total volume- 6,000 bonds, maturity period- 36 months, annual coupon rate- 13%, payment frequency- quarterly. The issue date is set for December 17, 2025, with a maturity date of December 17, 2028.
The company is offering its debt securities on the public market through direct sales. No decision has yet been made regarding entering the organized stock market, nor has the possibility of signing a market maker agreement. Based on this, CUBE INVEST has apparently already secured anchor investors" represented by financial institutions and investment companies.
According to the Offering Prospectus, posted on the CUBE INVEST investment company website, the proceeds from the bond issue will be used to purchase raw materials and supplies, store them in the required quantities, and expand the product range. It is noted that, thanks to the strategy adopted by the RA government, intensive agriculture has become a very attractive business for investors. New farms are established annually, which are potential clients for the company. In the near future, several large greenhouse farms equipped with innovative technologies, covering a total area of 50 hectares, will be commissioned in the country. The vast majority of these are clients of AGROTE‘H. Attracting additional financial resources is necessary to meet the projected high demand and ensure uninterrupted supplies of products and technologies.
According to the company's financial statements for the first six months of 2025, the total assets of Agroteбh LLC amounted to AMD 4,023,793 thousand, compared to AMD 3,029,012 thousand (at the beginning of 2025). Of this total, AMD 912,334 thousand are fixed assets. The company's equity amounted to AMD 1,146,792 thousand as of June 30, 2025, an increase of AMD 58,488 thousand over the six months, primarily due to retained earnings of AMD 575,107 thousand. Current liabilities amounted to 2,144,407. The company's net profit for the first six months of last year was 142,281 thousand AMD.
It should be noted that the authorized capital of Agrotech LLC is 134,000 thousand AMD, with shareholders Harutyun Arakelyan holding an 81% stake and Naira Khachatryan holding a 19% stake.
It should be noted that the company has received the approval from the Central Bank of Armenia to issue 1,000,000,000 AMD, but has decided to initially enter the market with a first tranche of 600,000,000 AMD.
