Nasdaq Baltic First North Market Admits Kaita Living Bonds to Trading
The Nasdaq Vilnius Stock Exchange has admitted the bonds issued by Kaita Living, part of the Kaita Group of companies, to trading on the Nasdaq Baltic First North market. This news comes after a public bond offering in Lithuania, where Kaita Living raised EUR 8 million. The bonds have a nominal value of EUR 1,000, an annual interest rate of 11.5%, and a maturity of 2 years, with a redemption date set for July 15, 2027. This development reflects the growing interest in co-living projects and their appeal to investors.
Key Takeaways:
- The Nasdaq Vilnius Stock Exchange has admitted Kaita Living bonds to trading on the Nasdaq Baltic First North market.
- Kaita Living raised EUR 8 million through a public bond offering in Lithuania, with each bond having a nominal value of EUR 1,000 and an annual interest rate of 11.5%.
- The bond maturity is 2 years, with a redemption date set for July 15, 2027.
- Kaita Living, part of the Kaita Group of companies, is expanding its reach across Europe, with new projects in Riga, London, and Prague, and exploring opportunities in Poland and London.
- The company's sustainable and experience-based business model is attracting investor interest across all three Baltic countries.
- Nasdaq Vilnius President Gediminas Varnas stated that the bond issuance reflects the evolving concept of co-living space and its growing appeal to investors.
- Kaita Living CEO Ugnius Latvys emphasized the company's expanding presence across Europe and its commitment to a sustainable business model.
Statistics:
- EUR 8 million raised through the public bond offering in Lithuania
- Bond nominal value: EUR 1,000
- Annual interest rate: 11.5%
- Bond maturity: 2 years
- Redemption date: July 15, 2027
Sources:
- Nasdaq (2022) - "Nasdaq Vilnius Welcomes Kaita Living to the Nasdaq Baltic First North Market"
- Kaita Group (2022) - "Kaita Living Raises EUR 8 Million Through Public Bond Offering in Lithuania"