We make predominantly equity investments (i.e. purchase of ordinary and/or preference shares) in economically viable projects with positive developmental impact.
We also may provide our clients with subordinated and secured loans.
Investment in preference shares and granting of loan is possible only after or simultaneously with the investment in ordinary shares. Investment in subordinate loans is only granted for working capital replenishment needs.
Limits for our investments
|Financing instruments||% in share capital||Minimum investment||Maximum investment|
|Ordinary shares||25 – 45%||20 mln. AMD||200 mln. AMD|
|Preference shares||up to 25%||20 mln. AMD||100 mln. AMD|
Our total investment shall not exceed 70% of the Investee’s Equity (before our investment) and 50% of Investee’s Total capital (Equity+Liabilities).