ArmInfo.Intelligent Management Holding, the founder and shareholder of EFES Insurance Company and the Vardanants Innovative Medical Center, has launched the second tranche of bonds worth 3 billion drams, with a yield of 11.7% per annum. Ameriabank, as with the debut issue, is the underwriter. According to EFES Insurance Company, The public offering began on May 18, 2026, and is scheduled to run through August 31, 2026, or until fully placed.
Key bond offering details:
Quantity: 30,000 bonds Face Value: AMD 100,000 per bond Maturity Period: 36 months Coupon Payment frequency: Semi-annual
Bonds can be purchased online through the MyInvest investment platform in Ameriabank's MyAmeria app, by visiting any Ameriabank branch and filling out an application, or by emailing a completed application to [email protected]. The bond purchase procedure, the electronic version of the programmatic prospectus, and the public offering announcement can be found at https://ameriabank.am/media- room/articleid/9210/upcoming-bond. Full details about the issuer and the offered bonds, as well as the associated risks, are presented in the programmatic prospectus. The proceeds from the placement will be used for the construction of the Vardanants-Kirk Kerkorian Medical Center and to refinance existing loans. "Following the primary placement, these bonds will be listed on the Armenia Securities Exchange (AMX) and will subsequently begin trading on the secondary market.
Recall, Intelligent Management is a diversified holding company specializing in investments in high- potential assets, as well as the management and development of ecosystems in the healthcare and insurance sectors. The holding's ecosystem includes the Vardanants Center for Innovative Medicine, the EFES Insurance Company, and the Bonus Assistance assistance and logistics company. Intelligent Management's team of over 800 experienced specialists annually serves approximately 330,000 clients, registers 135,000 settled insurance claims, and performs 530,000 medical interventions. Intelligent Management Holding's debut issue of AMD and USD bonds worth 1 billion AMD and $2.5 million was launched on December 15, 2025, with Ameriabank serving as the underwriter. These bonds have been listed on the Armenia Stock Exchange since February 13, 2026.
Ameriabank is a leading financial and technological institution, a significant player in the Armenian economy. As part of its digital transformation strategy, the Bank introduces and continuously improves unique products, services, and innovative platforms aimed at meeting the financial and non-financial needs of individuals. As a dynamically developing fintech environment, Ameriabank offers comprehensive solutions that improve quality of life. It is worth noting that shortly before the launch of Intelligent Management Holding's debut USD and AMD bonds (December 15, 2025), Ameriabank acted as the underwriter on December 10, 2025, for the debut registered coupon dram bonds of Alfa-Pharm CJSC (Armenia's largest pharmacy chain) in the amount of 1.5 billion drams.
