Globbing`s bonds listed on Armenia Stock Exchange

ArmInfo. The international online trading platform Globbing has become the first company in its sector to be represented on the Armenian Stock  Exchange.  Converse Bank acted as the underwriter for these debut  dram and dollar bonds, worth AMD 1.5 billion and USD 2 million,  respectively, and secured their early placement, as reported by  Converse Bank.

Today, the traditional "bell ringing" ceremony took place at the  Armenia Stock Exchange, symbolizing the beginning of a new phase for  the company marked by enhanced transparency, accountability, and  broader investment opportunities.  The nominal, coupon-bearing bonds  of "Global Shipping" LLC, denominated in AMD and USD, have been  admitted to trading on the main bond list (Abond) of the Armenia  Stock Exchange under the following terms:  AMD-denominated bonds:  Aggregate nominal amount of 1,500,000,000 AMD; face value of 50,000  AMD each; fixed annual coupon rate of 12%; maturity of 36 months;  total of 30,000 bonds.  USD-denominated bonds: Aggregate nominal  amount of 2,000,000 USD; face value of 100 USD each; fixed annual  coupon rate of 8.25%; maturity of 36 months; total of 20,000 bonds.

Upon listing, these bonds may also be eligible for targeted trading  and the execution of repo transactions.  The placement of the bonds  was carried out between December 12, 2025, and January 5, 2026,  through "Converse Bank" CJSC.

The CEO of the Armenia Stock Exchange, Hayk Yeganyan, stated:  "The  entry of a leading company in the online commerce sector into the  capital market represents a significant signal for both the  development of the private sector and the deepening of Armenia's  investment environment. This issuance reflects the company's maturity  in corporate governance and long-term strategic planning. The active  participation of such companies in the capital market fosters new  confidence and can serve as a benchmark for other fast-growing  businesses to consider bond financing as a stable and competitive  alternative".

"Globbing has become the first international online shopping platform  in Armenia to issue and, through its partner Converse Bank, place  corporate bonds. The early completion of the placement period became  an indicator for us of the high level of investor confidence. It was  especially encouraging that more than 90% of the company's bonds were  acquired by individuals, which is considered an exceptionally high  figure in the investment sector. We express our gratitude to all  investors who invested in the company's bonds. The funds raised will  be directed toward Globbing's further development and expansion of  its capabilities,"- stated Davit Harutyunyan, Chairman of the Board  of "Global Shipping" LLC and Founder and CEO of "Globbing".

"Converse Bank is taking consistent steps toward the development of  the capital market, including supporting companies that are ready for  long-term and structured financing. It was particularly important and  impressive that around 90 percent of the bonds were placed among  individual investors, predominantly through the ConverseMobile app.  Converse Bank will continue to support such initiatives, contributing  to the strengthening of trust and the development of the capital  market," said Andranik Grigoryan, CEO of Converse Bank.  Recall,  Globbing (Global Shipping LLC) is an international trading platform  to make purchases from international stores and receive them in  Armenia. Founded in 2015, it employs over 150 people and has  warehouses in eight countries (the USA, UK, China, UAE, Greece,  Germany, Italy, and Russia). Its head office and branches are in  Armenia, as well as the largest network of parcel lockers  (approximately 140 lockers and 3,800 safes). The company has over 1  million registered users, and the number of parcels shipped to date  exceeds 8.8 million.

According to the Financial Rating of Armenian Banks as of December  31, 2025, prepared by the ArmInfo Investment Company, Converse Bank,  one of the country's leading bond issuers, raised AMD 28.2 billion  ($74 million) from its own bond placements. Over a three-year period,  the bank doubled this figure, and by 17% year-on-year.  It is worth  noting that Converse Bank, as an underwriter, successfully and early  placed bonds in 2023-2025 for Euroterm CJSC (Noyan and Menk brands)  worth 500 million drams, Medical LLC (Hyebrid) worth 100 million  drams, and the Vardanants Innovative Medical Center (Arinterlev CJSC)  worth 1 billion drams.  Globbing has joined this list, selecting  Converse Bank as the underwriter for its debut issue of dram and  dollar bonds, which, as previously expected, ensured the early  placement of both the dollar and dram tranches.