Nasdaq Welcomes New Hanza Capital to Baltic Market
Post# of 301275
Riga/Tallinn/Vilnius, Nasdaq Baltic Market, October 19, 2017 – Nasdaq (Nasdaq: NDAQ) announced that the bonds of New Hanza Capital (short name: NHCA ), Latvian real estate company, were listed on the Baltic Bond List by Nasdaq Riga as of October 19, 2017.
New Hanza Capital, AS was founded in 2006. The objectives of its operations include investing their own and third party funds in commercial real estate objects to achieve sustainable increase of income from renting the premises and long-term capital growth. The biggest shareholder of New Hanza Capital, AS is ABLV Bank AS, owning 88% of the company’s shares. The company’s real estate portfolio includes VEF office buildings, airBaltic central office at Riga International Airport, logistics centre in Ķekava Region and other objects. For more information, please visit: http://nh.capital/en .
The size of New Hanza Capital bond issue is EUR 10 million. The annual interest rate is 4.9% with coupon payment twice a year. Maturity date of the bond issue is October 16, 2022. ABLV Bank was the arranger of the bond issue. “ It is a pleasure to welcome New Hanza Capital to Nasdaq Riga. We see an increased interest from real estate sector companies to use Baltic market for rising growth capital and visibility of their business,” noted Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic and Head of Nasdaq Riga. “We are grateful to our investors for their interest and trust in us, since during the subscription we have received bond purchase applications of almost double total amount as the amount of issue,” said Andris Kovaļčuks, CEO of New Hanza Capital, AS. “We will use the attracted funds for executing our investment plan including investments in modernisation of office buildings located at former VEF plant’s territory. Here, we plan to create a modern business environment at the same time preserving the architecture values and atmosphere of the past. Our estimates suggest that the reconstructed buildings would be able to house at least 2500 workplaces.”
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Nasdaq Baltic Market represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com .
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