Liven AS Launches New Green Bonds
Liven AS is excited to announce a public offering under its bond program for the II series green bonds, designed to support sustainable initiatives. These bonds, approved by the relevant financial authorities, are being marketed to both retail and institutional investors, demonstrating Liven's commitment to sustainability.
About the Offering
In total, Liven is offering up to 4,000 unsecured bonds known as "EUR 9.0% Liven green bond 25-2029". Each bond has a nominal value of EUR 1,000 and features a fixed interest rate set at 9.0% per annum, with interest payments made quarterly. An exciting aspect of this offering is Liven's ability to increase the total number of bonds offered to 7,000 in the event of high demand.
The bonds are officially registered within the Nasdaq CSD SE framework, under the ISIN code EE0000000354. This not only attests to their legitimacy but also aligns with international standards for bond offerings.
Key Dates and Timelines
The subscription period for these newly issued bonds is scheduled to begin on the 4th of March 2025 at 10:00 and will conclude on the 13th of March 2025 at 16:00. This timeline is critical for investors looking to engage with Liven during this offering period.
Indicative Timetable
The organization aims to keep investors informed with a clear timetable for their offerings. Key dates include announcements related to the offering results around the 17th of March 2025 and the settlement of these offerings expected on approximately the 19th of March 2025. Notably, the first trading day will be anticipated around the 20th of March 2025.
Investor Participation and Subscription Procedures
To participate in this offering, interested investors need to have a securities account with a Nasdaq CSD SE account operator. This is vital as potential investors will have to approach their custodian to submit their subscription requirements within the specified offering period. This procedure involves authorizing the custodian to block the necessary funds in the investor's account until the transaction is completed.
Requirements for Subscription
Investors should prepare to provide essential details when submitting their subscription such as the name associated with the securities account, account number, and the number of bonds desired. The cost per bond is set at EUR 1,000, ensuring a clear pricing structure that investors can easily comprehend.
Trading and Market Placement of Bonds
Following the successful completion of this offering, Liven's bonds are set to be listed and admitted for trading on the Baltic Bond List of the Nasdaq Tallinn Stock Exchange. The anticipation surrounding this event underscores Liven's confidence in the bonds' acceptance within the market.
While Liven believes the bonds will be successfully admitted to trading, it emphasizes that external factors can influence the confirmation of those trading permissions.
Accessibility of Important Documents
For those keen on understanding the nuances of the bonds and the offerings, Liven AS provides extensive resources, including the Prospectus and a summary, which are available on the company’s official website and through the national financial supervisory authority’s platform. It's vital for investors to familiarize themselves with these documents before making any financial commitments.
Importance of Informed Investment Decisions
Investors are advised to engage with the complete offering details thoroughly and, if necessary, consult financial advisors before proceeding with any investments. Liven AS prioritizes transparency and wishes to equip potential investors with all the pertinent information needed for a sound investment.
Company Contact Information
For further inquiries related to this public offering, prospective investors can reach out to Joonas Joost, Chief Financial Officer, via email at joonas.joost@liven.ee. Furthermore, additional information can be found on Liven’s official website.
Frequently Asked Questions
What are Liven's new green bonds?
Liven's new green bonds are part of their II series offering, intended to raise funds for sustainable projects.
What is the fixed interest rate for the bonds?
The fixed interest rate for each bond is set at 9.0% per annum, payable quarterly.
When is the subscription period for these bonds?
The subscription period starts on March 4, 2025, and ends on March 13, 2025.
Where can investors find the Prospectus?
The Prospectus and summary are available on Liven’s official website.
Who should investors contact for more information?
Investors can contact Joonas Joost, the CFO of Liven, for any inquiries regarding the offerings.
