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."
