The new coupon rate of SIA “iCotton” bonds with a variable rate included in the Nasdaq Riga Baltic First North market, with quarterly interest rate fixing, from June 30. 2024, to September 29. 2024, is as following:
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for bonds ICOTNFLOT27FA | ISIN LV0000802783: 9,698%.
About iCotton SIA
iCotton is a Latvian manufacturing company founded in 2011 in Liepāja and has emerged as the leading producer of cotton and hygiene products in the Baltics. The iCotton group also includes the Polish company Harper Hygienics. The company group produces a diverse range of products, including cotton buds and pads, absorbent pads, wet and dry wipes, and feminine hygiene products. The primary brands of the group are Cleanic (beauty and hygiene products), Kindii (children's products), and Presto (household cleaning products), which enjoy significant recognition in the Polish market.
The company group operates production facilities in Liepaja spanning an area of 9,000 m2 with 11 production lines, and in Warsaw, Poland, covering a production area of 13,200 m2 with 44 production lines. In 2023, the iCotton group achieved a turnover of 69 million EUR, with 45% attributed to the local markets (Baltic and Polish) and 55% to export markets within the EU and other countries.
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