Investor interest significantly outpaced the available supply during the recent bond issuance. Applications totaling over 6 million euros were submitted, despite the issue size being set at up to 4 million euros in the initial phase. Across both distribution phases, the demand for the bond program reached 11.5 million euros.
This figure represents a 44% excess over the total supply of 8.25 million euros in bonds. The 11.5 million euros worth of 8.25% coupon bonds will be listed and traded on the First North alternative NASDAQ market. Orion Securities organized the bond issuance, which has a term of 9.5 years.
Following approval from the Bank of Lithuania, the bonds will be redeemable after a period of 4.5 years. The successful bond issuance results indicate strong investor confidence in the company’s strategy. The stated objective is to sustain the current annual growth rate of approximately 20%.
Achieving this growth is projected to allow the entity to double all performance indicators by the year 2030.
Topics: #million #euros #bonds
