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“Arinterlev” CJSC (“Vardanants” Center for Innovative Medicine) took a historic step today by becoming the first healthcare company in Armenia to have its bonds listed on the Armenia Stock Exchange. Today, during the traditional stock exchange bell-ringing ceremony, the official listing decision was signed, marking the company’s entry into the capital market.

“Arinterlev” CJSC’s bonds—totaling 1 billion AMD—will be listed on the Exchange’s main bonds list (Abond), starting May 23. A total of 20,000 bonds will be listed, each with a nominal value of 50,000 AMD, a 12% coupon yield, and a 36-month maturity period.

Investors will have the opportunity to participate in the trading of “Arinterlev” CJSC bonds, starting May 23.

The bonds placement was carried out through “Converse Bank” CJSC.

"Without undue modesty, I can say that the Vardanants team has reached today’s milestone after more than 22 years. This is the result of the team's dedication, effective management, and quality control systems.

Today’s bell ringing marked the expansion of the Armenian bond market, opening up opportunities to invest in a new segment of the economy. From now on, the healthcare sector is also represented on the Armenian stock exchange, and I congratulate Mr. Yeganyan on this achievement," said Mr. Levon Altunyan, CEO of Vardanants Center for Innovative Medicine.

"Our group of companies, including EFES and Vardanants, will continue to contribute to the development of Armenia’s healthcare system by introducing internationally certified health standards and the most advanced diagnostic and treatment methods.” noted Mr. Arevshat Meliksetyan, a member of the Board of Directors of “Vardanants” Medical Center and Director of 'Intelligent Management' company.

Mr. Hayk Yeganyan, CEO of the Armenia Stock Exchange, stated:

"The listing of Vardanants Medical Center is an important and precedent-setting step toward sectoral diversification of the capital market and the sustainable development of the healthcare system. It demonstrates that the capital market is open to various branches of the economy and serves as a reliable, transparent, and effective platform for financing innovative projects. This move also strengthens investor confidence and supports the institutional development of the healthcare sector."

"We are proud to have taken this path with the first listed Armenian healthcare institution, contributing to the implementation of its development programs and supporting the advancement of the capital market." Mr. Andranik Grigoryan, Chief Executive Officer of Converse Bank CJSC.