Recording of LATRAPS webinar about its public bond offering
On November 28, 2024 LATRAPS organized a webinar about its ongoing public bond offering to investors in Latvia, Estonia, and Lithuania, which will take place until December 9.
During the webinar Roberts Strīpnieks, Chairman of the Management Board at LATRAPS and Gundars Ruža, CFO at LATRAPS, presented LATRAPS business model and main terms of the public bond offering.
The recording of the webinar is available at: https://www.youtube.com/watch?v=nSP_shf8-ZU&list=PLeOLX3TaNx_9beN29GiSABM4b-SRJEhJ2 and the presentation, demonstrated during the webinar, is available in the attachment.
Main terms of the offering
During the public bond offering in Latvia, Lithuania, and Estonia, LATRAPS will offer to private and institutional investors 8,000 bonds, each with a nominal value of EUR 1,000, annual fixed interest rate of 7.5%, and a maturity of four years. The capital raised from LATRAPS bond offering is intended to be invested in the development of the ASNS Ingredient project, the largest pea protein isolate production facility in Northern Europe, located in Latvia. Construction of the facility begins in December 2024.
The bonds are planned to be listed on the Nasdaq Baltic First North alternative market.
Additional information about the public bond offering is available here: https://www.latraps.lv/en/services/forinvestors
More about LATRAPS and ASNS Ingredient
The majority of LATRAPS’ revenue comes from the sale of farmer-produced goods — grain, peas, beans, and rapeseed — both locally and internationally, with exports alone accounting for more than 50% of total income. LATRAPS exports to more than 30 countries, with key markets in 2024 including Europe (Spain, Germany, Sweden), Africa, and the Middle East.
The new ASNS Ingredient project will establish the first pea protein isolate production facility in Latvia and Northern Europe. The facility will utilise innovative technologies to improve the production process and make it environmentally friendly. The production capacity is planned at 69,000 tons, with the potential to expand to 120,000 tons. Initially, 98% of the products manufactured at the facility will be destined for export markets.
Disclaimer: the announcement is an unpaid marketing communication in accordance with the Information document and does not constitute investment advice or an offer. Each investment decision must be made on the basis of an Information document prepared in accordance with the exception from the obligation to prepare a prospectus in accordance with Article 161 of the Financial Instruments Market Law of the Republic of Latvia, Article 15(6) of the Securities Market Act of the Republic of Estonia, and Article 7(2) of the Law on Securities of the Republic of Lithuania. The Information document is published on the LATRAPS website (https://www.latraps.lv/). Before investing, carefully read the Information document to learn about the potential risks and benefits.
Additional information
GINTA BORMANE
LPKS LATRAPS
Head of Communications
M: (+371) 29428064
|