Vilnius/Riga/Tallinn, Nasdaq Baltic Market, February 17, 2020 - Nasdaq (NDAQ)
announces that bonds issued by Baltic Mill AB have been admitted to trading on
the Nasdaq Baltic First North bond market by Nasdaq Vilnius effective February
17, 2020.
Baltic Mill is the holding company for one of the largest grain processing
groups in the Baltics. Its subsidiaries include Malsena Plius UAB and Amber
Pasta UAB in Lithuania, Rigas Dzirnavnieks AS in Latvia, and Balti Veski AS in
Estonia.
The Baltic Mill bonds have an issue size of EUR 3 million and an annual coupon
rate of 4.5 percent, with interest paid twice a year. The bonds mature on
November 4, 2021.
"Nasdaq congratulates Baltic Mill on successful issue of bonds," says Saulius
Malinauskas, the President of Nasdaq Vilnius. "We are delighted to provide
secondary trading on First North market and continue to help company to achieve
its business goals," he adds.
"We are proud to have been among the first historically to make use of
Lithuania's alternative market for debt securities. From our very first public
bond issue, we have believed in the benefits this market offers both to our
company and to our investors, so we are confidently continuing that tradition
by listing our third issue of debt securities on Nasdaq Baltic First North,"
says Vygantas Reifonas, the CFO of Baltic Mill.
Sorainen law firm is Baltic Mill's certified adviser for First North, while
Šiauliu bankas was the arranger of the bond issue.
About Baltic Mill:
Baltic Mill is 64.75 percent owned by Amber Trust II S.C.A, a private equity
fund with more than 10 active investments in the Baltics, while 27.75 percent
of its shares are held by RGK Invest, owned by Raimondas Gintautas Kriunas, and
7.5 percent are owned by MNGM Invest.
First North is a multilateral trading facility (MTF) tailored to support
smaller, growing companies that want to raise capital and get the visibility
and credibility of being a public company. Respectively, for investors, First
North offers an opportunity to invest in companies that are in relatively early
stages of their growth. First North is an alternative market and is often seen
as a first step towards trading on the regulated market.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq
Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:
nasdaqbaltic.com.
Media Relations Contacts:
Daiva Tauckelaite
+370 620 55 127
daiva.tauckelaite@nasdaq.com© 2020 GlobeNewswire
