Solis CJSC, the holding company managed by Amber Capital and combining a portfolio
of solar power plants, announced the early completion of the public placement of its
debut USD bonds (AMSOLSB21ER8), arranged by Ameriabank. The bonds issued on
June 4, 2026 were fully placed on the primary market by June 29, 2026, ahead of the
originally planned end date of July 30, 2026.
The issue volume of the bonds was USD 2 million, with a coupon rate of 8% payable
quarterly and a circulation period of 48 months. Specifically, 20,000 bonds were issued,
each valued at USD 100.
The placement attracted strong interest from retail investors, alongside participation
from institutional investors. Following their listing on the Armenia Stock Exchange, the
bonds will also be available for trading on the secondary market.
Solis CJSC
The company holds one of the largest solar energy portfolios in Armenia, with total
nominal (installed) capacity of 34 MW, generating 64 GWh of electricity annually. That
covers the electricity demand of more than 23,500 households. Operation of solar
power plants allows reducing annual CO₂ emissions roughly by 27,750 tons.  The
current portfolio of Solis company contributes to energy independence and
diversification in Armenia by developing local renewable energy generation. Due to
modern technologies and advanced equipment, the solar power plants of Solis group of
companies ensure generation of efficient, reliable and environmentally friendly energy.
The sole shareholder and ultimate beneficial owner of Solis is EU-Armenia SME Fund –
the first institutional private equity fund in Armenia, managed by Amber Capital.