Globbing has launched its first corporate bond issue, becoming the first company in Armenia's cross-border logistics and e-commerce delivery sector to raise financing through the domestic bond market.
On December 12, Globbing (Global Shipping LLC) launched its debut issue of AMD and USD registered coupon bonds in Armenia, totaling 1.5 billion AMD and $2 million. Placement of the bonds began on 12 December 2025 and will continue until 12 February 2026.
The dram-denominated bonds have a total volume of AMD 1.5 billion, a coupon rate of 12 per cent and a maturity of 36 months, with coupon payments made semi-annually.
The US dollar bonds have a total volume of USD 2 million, a coupon rate of 8.25 per cent and the same 36-month maturity, with semi-annual coupon payments.
The bonds are being placed by Converse Bank, which operates under the supervision of the Central Bank of Armenia. A memorandum of cooperation between the bank and Globbing was signed earlier this month, setting out the framework for the bond issuance. The bonds are available for purchase through the Converse Mobile application and at Converse Bank branches. Following completion of the placement, the bonds are expected to be listed on the Armenia Securities Exchange.
Founded in 2015, Globbing operates cross-border logistics and delivery services in Armenia, Kazakhstan and Uzbekistan. The company has expanded its infrastructure over the past decade, including automated service centres, smart locker networks and international logistics partnerships.
The company employs over 150 people and has warehouses in eight countries (USA, UK, China, UAE, Greece, Germany, Italy, and Russia). The company's head office and branches are located 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 sent to date exceeds 8.8 million.
The bond issue is intended to support international expansion and the development of new logistics routes.