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.
About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $8.8 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com .
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. Read more: nasdaqbaltic.com
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Media Relations Contact:
Audrone Ranonyte
+ 370 5 253 1475
audrone.ranonyte@nasdaq.com
