Nasdaq VilniusPress release
Nasdaq Welcomes Nordspace to the First North Market
Vilnius/Riga/Tallinn, Nasdaq Baltic Market, May 28, 2025 – Nasdaq (NDAQ)announces that as of May 28 this year, the Nasdaq Vilnius Stock Exchangeincludes bonds issued by UAB NordSpace for trading on the Nasdaq Baltic FirstNorth market.
UAB Nordspace raised 3.3 million euros through a public bond offering inLithuania, Latvia, and Estonia. Each bond has a nominal value of 1,000 EUR andan annual interest rate of 12%, paid semi-annually. The bond issue duration is2 years, with a redemption date of March 31, 2027.
The company’s bonds were acquired by 149 investors, raising 3.3 million euros.The bonds were subscribed by 51 investors from Lithuania, 56 from Estonia, 41from Latvia, and 1 fromFinland.
“We congratulate Nordspace on successfully joining the Nasdaq Baltic FirstNorth market. This is an excellent step that will promote the development ofsmart Nordspace business parks through newly issued bonds,” said GediminasVarnas, President of Nasdaq Vilnius.
“Our business model has proven successful in Lithuania, Latvia, and Poland.Currently, we see growing demand for small, multifunctional commercial spaces.This bond issue is an important step in our capital market strategy, as it willallow us to build a long-term relationship with investors in the Baltic bondmarket,” says Pijus Labanauskas, Finance Director of the Lithuanian companyNordspace.
The funds raised by UAB Nordspace will be used to continue expansion plans andstrengthen positions in theBaltic countries and Poland.
The public bond issue was organized by UAB Redgate Capital AS, the trustee wasUAB Legisperitus, and the law firm Sorainen in Lithuania acted as legaladvisor, which also serves as the company’s certified advisor in the FirstNorth market.
Nordspace is a commercial real estate company founded in 2019 in Lithuania,specializing in the construction and development of smart business parks. Thecompany creates modern, multifunctional spaces – business boxes – adapted forthe daily activities of small and growing businesses.
This is one of the first segments of its kind in the Baltic real estate market- smart industrial parks where modern technological solutions and sustainableinfrastructure are focused specifically on the needs of small businesses:flexibility, efficiency, and accessibility.
Nordspace actively develops projects in Lithuania, Latvia, and Poland. Sincethe beginning of its operations, Nordspace has grown rapidly – from 2,400 m² ofrental space in 2021 to more than 29,000 m² in 2024. By the end of 2025, itplans to reach 60,000 m².
The Nasdaq First North market is designed to help smaller growing companieslooking to attract capital and secure the visibility and credibilitycharacteristic of public companies. For investors, First North provides anopportunity to invest in companies that are at an earlier growth stage.
Nasdaq Baltic provides joint offerings of Nasdaq Tallinn, Nasdaq Riga, NasdaqVilnius stock exchanges, as well as Nasdaq CSD. More information can be foundhere: nasdaqbaltic.com
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Contacts:Eglė JuškaitėMarketing and Communications Manageregle.juskaite@nasdaq.com+370 618 17811http://www.nasdaqbaltic.com/https://view.news.eu.nasdaq.com/view?id=bae4fbebe353b9bba56d77c793409ad6e&lang=en&src=omxlink
