For the first time, the bonds of a medical institution to be listed  on Armenia Stock Exchange

ArmInfo. Corporate bonds of a medical institution will be introduced on the capital market of Armenia for the first time. These are registered coupon bonds of the Vardanants Innovative Medicine Center (Arinterlev CJSC) with a total nominal value of 1 billion AMD, which were listed on the Armenian Stock Exchange (AMX) on May 20 and will be available for trading on Exchange's primary bond market ( Abond) on May 23.

As noted in the AMX message, this is a historic precedent and sends a  clear message  to other compaies in the sector that the capital  market is a real opportunity to attract financial resources and bring  long-term development strategies to life. For investors, the bonds of  the medical institution provide a new opportunity to diversify their  investment portfolio by investing in initiatives that contribute to  the development of the healthcare system. Within the framework of  this tranche, 20 thousand bonds, each with a nominal value of 50,000  AMD were issued,  offering a coupon yield of 12% and a maturity  period of 36 months. The allocation of the bonds started on April 1  of this year and was completed ahead of schedule - in 10 days instead  of the envisaged 3 months. Converse Bank acted as the underwriter of  this issue.

The Vardanants Center for Innovative Medicine intends to direct the  financial resources raised from the placement of these bonds for  introducing  new medical services, investing in digital technologies,  developing human capital and expanding regional branches, thereby  continuing  the company's strategic growth path.

  According to Andranik Grigoryan, CEO of Converse Bank, the Bank  supports companies across various industries with full cycle services  in bond issuance and placing: "We are proud to have gone through this  journey with Armenia's first listed institution in the healthcare  sector, contributing to the implementation of its development  programs and playing our part in advancing the capital market." 

Hayk Yeganyan, CEO of the Armenian Securities Exchange, emphasized:  "The listing of the Vardanants medical center bonds marks a  significant  and  precedent-setting step in the sectoral  diversification of the capital market and the sustainable development  of the healthcare system. This shows that the capital market is open  to all sectors of the economy, providing a reliable, transparent and  effective platform for financing innovative projects. This move also  strengthens investor confidence and encourages institutional  development in the healthcare sector."