Eco Baltia, the largest environmental resource management group in the Baltic States, will launch its second unsecured bond issue of up to EUR 10 million with a fixed annual interest rate of 9% via a private placement. The subscription period starts on 23 October and will last until 27 October 2023. The bonds will have a maturity of three years and the issuer has the right to redeem the bonds after two years.<\/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 10,000 bonds in total with a 1,000 EUR nominal value of one bond. Minimum subscription amount for one investor is set at 100 bonds, or 100,000 EUR.<\/p>\n\n\n\n In order to subscribe to the bonds, a retail investor in Latvia, Lithuania or Estonia 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 – or through any other financial institution which is a member of Nasdaq Riga.<\/p>\n\n\n\n The financing raised in the bond issue is intended to be used for general corporate purposes, including financing upcoming investment projects and\/or acquisitions.<\/p>\n\n\n\n “Over the past few years, we have made great strides in the growth of Eco Baltia, which has helped the company to improve its financial performance and further develop on the international market. We now have subsidiaries in Latvia, Lithuania and, since last year, the Czech Republic, strengthening our position and role as a full-cycle waste management group in the circular economy. Capital raising via issuance of unsecured bonds is another big step for the further growth of the company,”<\/em> says M\u0101ris Simanovi\u010ds, Chairman of the Board of Eco Baltia AS.<\/strong><\/p>\n<\/blockquote>\n\n\n\n “In February this year, when Eco Baltia issued its first bonds, investor interest was very high, with total demand more than 3.5 times the maximum offer size. This is one of the factors that demonstrates the stability and growth of Eco Baltia. The new bond issue will allow the company to pursue even more ambitious goals and development on the international market,”<\/em> says Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of Eco Baltia’s Supervisory Board.<\/strong><\/p>\n<\/blockquote>\n\n\n\n On October 25 at 10am Eco Baltia will hold a webinar on the bond offering. Webinar will be hosted by the Chairman of the Management Board M\u0101ris Simanovi\u010ds and Member of the Management Board and CFO Santa Sp\u016ble. Additional information about the bond offering will be provided by Gints Bel\u0113vi\u010ds, the Head of Markets in Luminor Bank, the Sole Lead Manager of the transaction. During the webinar attendees will be introduced with Eco Baltia\u2019s business segments, growth story, its development plans, as well as the details of the public bond offering.<\/p>\n\n\n\n To sign up for the webinar, please use the following link: https:\/\/ej.uz\/webinar_EcoBaltia_bonds<\/a> . After filling in the application, attendees will receive a link to the webinar and instructions to their e-mail.<\/p>\n\n\n\n Webinar will be held in English. After the presentation, a question and answer session will take place. Attendees are welcome to send their questions about the company until October 24 close of business to the e-mail DCM@luminorgroup.com<\/a>.<\/p>\n\n\n\n The bonds are expected to be listed on Nasdaq Riga’s First North alternative market within six months of issuance. The arranger of the Eco Baltia bond issue is Luminor Bank, one of the leading financial service providers in the Baltic States, and the distributor is \u0160iauli\u0173 bankas. COBALT is the certified advisor, while Eversheds Sutherland Bit\u0101ns is the bondholders’ representative.<\/p>\n\n\n\n\n
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