Capital Markets
We help clients raise capital, understand market positioning, and maintain investor confidence through independent research, issuance advisory, and continuous post-issuance coverage.
Bond Issuance Advisory
Equity Issuance Advisory
Post-Issuance Compliance
Equity Research Coverage
Credit Research Coverage
Investment Advisory
Issuance of Bonds and Equity
Investment Advisory
We help clients access capital markets with the preparation, positioning, and execution support needed to achieve the best possible terms and reach the right investors.
Initiation of coverage with a comprehensive research note covering business model, financials, and valuation
Periodic update notes reflecting latest results, strategy developments, and market conditions
Credit Research Coverage
Credit profile initiation covering business fundamentals, debt structure, and risk assessment
Ongoing covenant monitoring and periodic credit update note
Market entry and investment opportunity assessment for institutional and private investors
Financial and credit analysis of Armenian issuers and instruments
We provide ongoing credit analysis that helps bond issuers maintain investor transparency and gives fixed-income investors a reliable, continuous view of credit quality.
Equity Research Coverage
We provide independent equity research that gives local companies credible, continuous visibility with institutional and international investors.
We help clients and investors understand the Armenian capital market — identifying opportunities, assessing risk, and building a basis for informed investment decisions.
Structuring and documentation support for bond and equity issuances
Pricing advice
Investor targeting, roadshow preparation, and market positioning advisory
Coordination with legal, regulatory, and underwriting counterparties through to deal completion
Support with AMX listing
Post-Issuance Compliance
Covenant tracking and compliance monitoring against bond documentation
Periodic disclosure support and preparation of investor-facing compliance reports
We help bond issuers meet their ongoing disclosure and covenant obligations, reducing compliance risk and maintaining the investor confidence built at issuance.