Nasdaq Vilnius Lists HISK Bonds on First North Market

Nasdaq Vilnius Stock Exchange, a leading financial platform in the Baltic region, has made a significant move by admitting HISK bonds to trading on the Nasdaq Baltic First North market. This development marks a landmark moment for HISK, a pioneering infrastructure development company in Lithuania, as it raises EUR 8 million through a public bond offering. The bonds, with a nominal value of EUR 1,000, offer an annual interest rate of 9% and are redeemable on April 22, 2028. This bond issue signifies a major milestone for HISK, demonstrating its commitment to transparent and efficient financing methods.

Key Takeaways:

• HISK, a leading infrastructure development company in Lithuania, listed EUR 8 million worth of bonds on the Nasdaq Baltic First North market, marking the first issue of this scale by an infrastructure development company in Lithuania.
• The bonds offered an annual interest rate of 9% and were redeemable on April 22, 2028, with quarterly interest payments.
• The bond issue was available to both retail and institutional investors in Lithuania, Latvia, and Estonia, with 61% of investors being retail and 39% institutional.
• The NASDAQ Vilnius President, Gediminas Varnas, praised the successful bond issuance, citing its benefits in diversifying funding sources and increasing transparency and visibility among investors.
• HISK CEO, Robert Ziminski, expressed confidence that listing on the First North market would positively impact future project financing, citing interest in the bond offering that exceeded the company's expectations.

Statistics:

• EUR 8 million bond issue raised by HISK through a public bond offering.
• 61% of investors in the bond issue were retail, while 39% were institutional.
• Interest rate: 9% per annum.
• Redemption date: April 22, 2028.
• Total value of bond: EUR 8 million.
• Nominal value of each bond: EUR 1,000.

Sources:

• Nasdaq (NDAQ) announcements (September 4)
• Nasdaq Baltic First North market news release