“Eco Baltia” invites to join webinar about its inaugural bond issue
AS Eco Baltia, the largest environmental and waste management group in the Baltics, invites to join the webinar about company’s inaugural 3-year bond issue public offering. Webinar will take place on February 7 at 2pm. The webinar will be open to all registrees signed up through the link below.
Webinar will be hosted by the Chairman of the Management Board Māris Simanovičs and Member of the Management Board and CFO Santa Spūle. Additional information about the upcoming bond offering will be provided by Gints Belēvičs, the Head of Markets Customers in Luminor Bank, the Sole Lead Manager of the transaction. During the webinar attendees will be introduced with Eco Baltia’s business segments, growth story, its development plans, as well as the details of the public bond offering.
To sign up for the webinar, please use the following link: https://nasdaq.zoom.us/webinar/register/WN_l8ws-NSWSzGAp_POsa_-lQ. After filling in the application, attendees will receive a link to the webinar and instructions to their e-mail. When connecting to the Zoom webinar for the first time, you will be asked to download the app.
Webinar will be held in English. After the presentation, a question and answer session will take place. Attendees are welcome to send their questions about the company until February 6 to the e-mail ieva.unda@nasdaq.com or submit them through the registration link below.
“Eco Baltia” in its inaugural bond issue seeks to issue up to 8 million EUR of unsecured fixed-rate bonds. The maturity of the bonds is set at 3 years. Interest rate (coupon) of the bonds will be fixed for the whole period and will be set within the range of 8% to 9% upon expiration of the subscription period. Subscription period will end on the 10th of February. The bonds may be subscribed by qualified investors and retail investors. Nominal value of each bond is 1,000 EUR. Minimum subscription amount for one investor is set at 10 bond units, or 10,000 EUR. Application will be made for listing the bonds at Nasdaq Riga alternative market First North within 6 months upon issue.
All information about the bond issue and subscription process is provided in the Offering Document and Final Terms which can be found on Eco Baltia’s website www.ecobaltia.lv section “Investors”.
The financing raised in the bond issue is intended to be used for future development projects of Eco Baltia aimed to support further expansion at the European level and promote circular economy.
About Eco Baltia
Eco Baltia is the largest environmental and waste management group in the Baltics, providing full-cycle waste management solutions from waste collection and sorting to secondary raw material logistics, wholesale and raw material processing as well as PET and PE/PP plastics recycling.
In 9 months of 2022, Eco Baltia group reached its highest consolidated net turnover up to date – €154,9 mn. Consolidated net turnover almost doubled, compared to first 9 months of 2021, when consolidated net turnover was €78,5 mn. In September 2022, the group expanded its operations outside of the Baltics, with its PET recycling arm AS PET Baltija, one of the largest PET recyclers in Northern Europe, completing the acquisition of a leading Czech fibre producer TESIL Fibres. In January 2023 Eco Baltia completed also acquistion of Latvian street and road maintance company Pilsētas Eko Serviss.
The group companies employ more than 2300 employees in Latvia, Lithuania, and Czech Republic. Its leading companies are PET Baltija, Eco Baltia vide, Pilsētas Eko Serviss, Latvijas Zaļais punkts, Nordic Plast, JUMIS, Czech TESIL Fibres and Lithuania-based Ecoservice.
Shareholders of Eco Baltia are private equity fund INVL Baltic Sea Growth Fund (52.81%) trough „BSGF Salvus“, the European Bank for the Reconstruction and Development (30.51%) and management of the company (16.68%).
The information contained in this announcement does not constitute investment advice nor a proposal. The information in this announcement contains generic forward-looking statements and the intention of Eco Baltia to undertake a public offering. Any investment decision shall be made subject to the offering document, which is available at the Company’s website www.ecobaltia.lv section “Investors”.
Additional information:
Daiga Buča
Head of Public Relations
Eco Baltia
Tālr. 26588715
daiga.buca@ecobaltia.lv
www.ecobaltia.lv
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