TLN: Nasdaq Welcomes Baltic Mill Bonds to First North
OREANDA-NEWS. Nasdaq (Nasdaq: NDAQ) announces that the bonds of AB Baltic Mill (short name: BMLB045017A) will be admitted to trading on the Nasdaq Baltic First North by Nasdaq Vilnius as of December 3, 2015.
Baltic Mill is the holding company for one of the biggest grain processing industrial group in Baltics operating through UAB Malsena Plius and UAB Amber Pasta in Lithuania, R?gas Dzirnavnieks AS in Latvia and Balti Veski AS in Estonia.
“The bond issue and its respective listing on First North is one of our first steps in accessing alternative financing sources, and we are proud with the successful execution of this effort,” said Vygantas Reifonas, CFO of AB Baltic Mill. “As our experience in the financial markets grows, we intend to use further this and other forms of business financing in order to achieve stable growth in value of our business and earn investor trust.”
The size of the Baltic Mill’s 2 years (731 days) maturity bond issue is up to EUR 4 999 900. The nominal value of a bond is EUR 100. The annual interest rate is 4.50%. Bonds will be redeemed on November 3, 2017. The interest payments will be made semi-annually.
“We welcome Baltic Mill to Nasdaq and to the Baltic First North market and we look forward to supporting Baltic Mill as a publicly listed company,” said Arminta Salad?ien?, Head of Nasdaq Baltic and President of Nasdaq Vilnius. “We see an inflow of the Baltic companies to the First North market this year and wish that First North would support their growth and serve as a springboard towards the Baltic Main Market.”
Baltic Mill has appointed M&A International Baltics as its Certified Adviser.
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