Tallinn/Riga/Vilnius, Nasdaq Baltic Market, November 9, 2015 – Nasdaq (Nasdaq: NDAQ) announces that the first bonds of Baltic Dairy Board Ltd., the Latvian milk logistics and dairy wholesale company, will be listed on the Nasdaq Baltic Bond List by Nasdaq Riga as of November 12, 2015.
Baltic Dairy Board is a family owned company with main business in raw milk logistics and purchase and distribution of other dairy products. The company was founded in 2008. In 2015 company opened new added value product factory located in Latvia. Factory is one of the largest milk protein and whey protein manufacturers in Northern Europe. For more information, please visit: www.bdb.lv .
“Our securities listed on the Nasdaq Baltic Bond list will increase company’s visibility and make a favorable impact for our reputation for present and future cooperation partners, investors and banks,” said Kaspars Kazāks, Chairperson of the Board of Baltic Dairy Board Ltd. “The obtained experience at the stock exchange as well as company's financial history will lay good foundation for the repeated issue of bonds in future, the establishment of public joint-stock company, and attraction of investors.”
“ We welcome Baltic Dairy Board on the Nasdaq Baltic Bond List,” said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic and Head of Nasdaq Riga . “ We are happy about Baltic Dairy Board decision to attract financing for their future development in the capital market by issuing bonds.”
The size of the Baltic Dairy Board Ltd. 10 years maturity bond issue is EUR 950 000. The nominal value of the bonds is EUR 1000. The annual interest rate is 18%, and the redemption date is October 28, 2024. The interest payments are made semi-annually.
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Media relations Contact: Audronė Ranonytė +370 5 253 1475 audrone.ranonyte@nasdaq.com
