Nasdaq Tallinn: Nasdaq Welcomes UPP Olaines to Baltic Bond List

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, 29.11.2018
Nasdaq (NDAQ) announces that the bonds of UPP Olaines, an Estonian SPV
(special-purpose vehicle) founded by United Partners, were listed on Nasdaq
Baltic Bond List by Nasdaq Tallinn as of today, November 29, 2018. 

The size of the subordinated, commercial property backed bond issue is EUR
6.215 million. The nominal value of one bond is EUR 1,000. The annual coupon
rate is 7% which is paid out quarterly. The maturity date of the bond issue is
November 10, 2022. UPP Olaines is the owner of Olaine Logistics Park, a modern
storage facility with cold-storage in Olaine, Latvia. It's the largest
cold-storage facility in Latvia. 

"United Partners, the owner of UPP Olaines, entered the public market a year
ago by listing bonds on First North market. It's great to witness that they've
seen the value in bringing their securities to the public market and are now
listing their bonds on the regulated market, meaning the Baltic Bond List,"
said Kaarel Ots, the CEO of Nasdaq Tallinn. 

"We're happy that through offering UPP Olaines bonds we've been able to provide
investors an investment instrument with a decent yield, especially taking into
account the low-interest rate environment we're in today," said Siim Sild,
Director of United Partners. "It's the second instrument in a year and a half
that United Partners Advisory has been marketing and listing on the Baltic
market. The First North experience was a good preparation for becoming an
issuer on the regulated market. 

The listing follows a non-public offering of the bonds to Baltic institutional
investors and high-net-worth individuals. 

United Partners (UP) is an independent investment banking firm established in
2003. The company is headquartered in Tallinn and its core businesses are
corporate finance advisory services (United Partners Advisory), direct equity
investments (United Partners Investments), asset management services (United
Partners Asset Management), and real estate development (United Partners
Property). 


About Nasdaq

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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga
and Nasdaq Vilnius securities markets as well as Nasdaq CSD. Learn more at
nasdaqbaltic.com. 

MEDIA RELATIONS:

Ott Raidla
Nasdaq Tallinn
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