{"id":1493,"date":"2023-02-01T11:51:28","date_gmt":"2023-02-01T09:51:28","guid":{"rendered":"https:\/\/ecobaltia.lv\/?p=1493"},"modified":"2023-02-02T12:20:13","modified_gmt":"2023-02-02T10:20:13","slug":"eco-baltia-will-start-the-subscription-period-for-its-inaugural-3-year-bond-issue","status":"publish","type":"post","link":"https:\/\/ecobaltia.lv\/en\/2023\/02\/01\/eco-baltia-will-start-the-subscription-period-for-its-inaugural-3-year-bond-issue\/","title":{"rendered":"\u201cEco Baltia\u201d will start the subscription period for its inaugural 3-year bond issue<\/strong>"},"content":{"rendered":"\n

The largest environmental and waste management group in the Baltics AS Eco Baltia is entering the bond market and seeks to issue up to 8 million EUR of unsecured fixed-rate bonds.<\/strong><\/p>\n\n\n\n

The maturity of the bonds is set at 3 years, with an option for the issuer to call the bonds after 2 years. Interest rate (coupon) of the bonds will be fixed for the whole period and will be set within the range of 8% to 9% upon expiration of the subscription period. Subscription period will start on the 2nd<\/sup> of February and will end on the 10th<\/sup> of February.<\/strong><\/p>\n\n\n\n

The bonds may be subscribed by qualified investors and retail investors, who will be able to purchase up to 8,000 bond units in total with a 1,000 EUR nominal value of each bond. Minimum subscription amount for one investor is set at 10 bond units, or 10,000 EUR.<\/p>\n\n\n\n

The financing raised in the bond issue is intended to be used for future development projects of Eco Baltia aimed to support further expansion at the European level and promote circular economy.<\/p>\n\n\n\n

In order to subscribe to the bonds, a retail investor in Latvia or Lithuania must have a securities account with a financial institution that is a member of Nasdaq Riga or has relevant arrangements with a member of Nasdaq Riga. Qualified investors may subscribe the bonds through the arranger \u2013 Luminor Bank \u2013 or through any other financial institution which is participant of Nasdaq CSD and participates in Nasdaq CSD Latvian Securities Settlement System or has indirect access to Nasdaq CSD Latvian Securities Settlement System.<\/p>\n\n\n\n

General investor call with issuer investor presentation and Q&A session will be organized on 7 February at 2pm (EET)<\/strong>. Investors can register to the webinar here: https:\/\/nasdaq.zoom.us\/webinar\/register\/WN_l8ws-NSWSzGAp_POsa_-lQ<\/a>. After filling in the application form, attendees will receive a link to the webinar and instructions to their e-mail.<\/p>\n\n\n\n

\u201cWe are prepared to take the next step and attract financing in the capital market, confirming Eco Baltia\u2019s growth story, development perspective and profitability to the investors. We are the only company in the Baltics, which provides full cycle of waste management. Our uniqueness is supported by strong business results, persuasive strategy and growing market in the Europe and abroad,\u201d<\/em> says M\u0101ris Simanovi\u010ds, Chairman of the Management Board at Eco Baltia<\/strong>.<\/p>\n\n\n\n

\u201cThis bond issue will allow Eco Baltia to continue on its successful path of strengthening its contribution towards circular economy promotion and implement further strategic initiatives,\u201d says <\/em>Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of the Supervisory Board of Eco Baltia<\/strong>.<\/em><\/p>\n\n\n\n

Application will be made for listing the bonds at Nasdaq Riga alternative market First North within 6 months upon issue.<\/p>\n\n\n\n

One of the leading financial service providers in the Baltic States – Luminor Bank – is mandated as a Sole Lead Manager of the transaction, together with \u0160iauli\u0173 bankas acting as Co-Manager and Dealer. Transaction legal counsel and Certified Adviser is law firm TGS Baltic, and trustee – law firm Eversheds Sutherland Bit\u0101ns.<\/p>\n\n\n\n

All information about the bond issue and subscription process is provided in the Offering Document<\/a><\/strong> and Final Terms<\/a> <\/strong>which can be found on Eco Baltia\u2019s website www.ecobaltia.lv<\/a> section \u201cInvestors\u201d.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Important Notice<\/u><\/strong><\/p>\n\n\n\n

The contents of this announcement have been prepared by and are the sole responsibility of the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.<\/p>\n\n\n\n

This announcement is not an offer to sell nor a solicitation to buy any securities in any jurisdiction nor a prospectus for the purposes of the Prospectus Regulation. Any subscription or purchase of securities referred to in this announcement should be made solely on the basis of the information contained in the Offering Document. The information in this announcement is subject to change. Before subscribing for or purchasing any securities, persons viewing this announcement should ensure they fully understand and accept the risks which are set out in the Offering Document. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.<\/p>\n\n\n\n

Offering Document is available at the Company\u2019s website <\/a>www.ecobaltia.lv<\/a> section \u201cInvestors\u201d and copies of the Offering Document are available from the Company’s registered office. This announcement does not constitute a recommendation concerning a possible offer. Persons considering making investments should consult their financial and other advisors as to the suitability of a possible offer for the person concerned.<\/p>\n","protected":false},"excerpt":{"rendered":"

The largest environmental and waste management group in the Baltics AS Eco Baltia is entering the bond market and seeks to issue up to 8 million EUR of unsecured fixed-rate bonds. The maturity of the bonds is set at 3 years, with an option for the issuer to call the bonds after 2 years. Interest […]<\/p>\n","protected":false},"author":1,"featured_media":574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/comments?post=1493"}],"version-history":[{"count":2,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1493\/revisions"}],"predecessor-version":[{"id":1501,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1493\/revisions\/1501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media\/574"}],"wp:attachment":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media?parent=1493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/categories?post=1493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/tags?post=1493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}