Nasdaq Welcomes Arsenal Industrial to the Baltic First North Market

Riga/Tallinn/Vilnius, Nasdaq Baltic Market, May 30, 2024 - Nasdaq
(NDAQ)announces that bonds issued by Latvian company Arsenal Industrial were
admitted to trading on the Nasdaq Baltic First North Bond List by Nasdaq Riga
as of today. 

Arsenal Industrial, one of the leading Baltic construction equipment rental and
trading companies, has issued secured bonds in the amount of EUR 4.5 million as
part of a private offering. The proceeds from the bond issue will be used to
refinance obligations of the company in Poland. 

The bonds have a nominal value of EUR 1,000 each, with an annual coupon rate of
12% and interest paid monthly. The maturity date of the bonds is May 31, 2026. 

"Congratulations to Arsenal Industrial on its debut on the Nasdaq Baltic First
North Market. We are delighted with the ambition and courage of Latvian
entrepreneurs to become public. Arsenal Industrial is another company
representing Latvian construction equipment rental industry now listed on the
Baltic exchanges. It is an encouraging signal for other growing businesses as
well," said Liene Dubava, CEO of the Nasdaq Riga Stock Exchange. 

"A successful listing of the Arsenal Industrial bonds on the stock exchange not
only lays a solid foundation for the company's long-term development, but also
marks the beginning of a new phase of strong growth for the company. The
listing will provide the company with more development opportunities,
strengthen its competitiveness, and enable it to deliver higher and sustainable
returns to shareholders and investors," stated the Group's CEO Gints Vanags. 

Arsenal Industrial is a construction equipment rental and trading company
registered in 2014. The Group currently operates in all three Baltic States.
The Group aims to provide high-quality products and services and to be an
efficient enterprise that listens to its customers' needs and delivers to them. 

Nasdaq First North Market is tailored to support smaller, growing companies
that want to raise capital and get the visibility and credibility of being a
public company. For investors, First North offers an opportunity to invest in
companies that are at an earlier stage of their growth. 

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 

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, X@Nasdaq, or at Nasdaq.com 



Media Contacts:
Sanita Gailane
[e-mail]
[phone]