Eco Baltia’s EUR 10 million bond issue attracts high level of investor interest
2023 - 11 - 02
The largest environmental resource management group in the Baltics, Eco Baltia AS has completed its second three-year EUR 10 million bond issue, conducted as a private placement. The issue attracted strong investor interest, with total demand exceeding the issue size by 1.7 times, and orders were received from over 100 institutional and retail investors in Estonia, Latvia, and Lithuania.
The proceeds from the issue will be used to further the company’s development strategies through the acquisition of new companies and to strengthen its position in the international market.
Luminor Bank acted the arranger and Šiaulių Bankas acted as the distributor of the bond issue. It is expected that the bonds will be listed on Nasdaq Riga’s First North Alternative Market within six months of their issuance.
Eco Baltia is a leading, high-growth provider of waste management services in the Baltics, covering the entire waste management value chain.