Nasdaq Welcomes Coffee Address Holding to the Baltic First North Market

15.02.2023 RIG, TLN, VLN

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, February 15, 2023 – Nasdaq (Nasdaq: NDAQ) announces that bonds issued by Coffee Address Holding have been admitted to trading on the Nasdaq Baltic First North market by Nasdaq Riga as of today.  

The size of Coffee Address Holding bond issue is EUR 5 million. The nominal value of one bond is EUR 1,000 and the bonds have a fixed annual coupon rate of 9% with quarterly payments. The bonds mature on June 30, 2025.

The listing of Coffee Address Holding bonds follows a closed offer to Estonian, Latvian and Lithuanian investors. Based on demand for the bonds, the offering was oversubscribed and attracted 22 private and institutional investors from Baltics.

CEO of Nasdaq Riga Daiga Auziņa-Melalksne: “The availability of modern coffee making tools and high-quality coffee allows us to enjoy a cup of perfect cappuccino or a strong espresso in a cafe, gas station, office or at home. Coffee Address Holding team is taking care of the accessibility of equipment and ingredients, while we are delighted to contribute to the further development of the company and the attraction of financial resources from the capital market.”

“The bond issue of Coffee Address Holding underlines the successful strategy the company has embarked on since 2017 and unlocks a new funding source that will help cementing its leading position in the coffee market of the Baltic States. As a private equity investor, we are pleased to see high investor interest in this bond issue. We expect that bonds will continue to be an attractive financing source for regional companies to fund their growth and strengthen their capital structure also in the future,” said Sandijs Āboliņš-Ābols, Partner at BaltCap.

Coffee Address Holding offers self-service premium coffee and fast food solutions. The three main business segments of the Group are vending machines, where it is represented with Lavazza and Coffee Address brands, on-the-go coffee in cooperation with almost all major gas stations in the Baltics, and coffee supply in offices. The Group is a service provider for 5,000 customers, serving more than 250,000 cups of coffee a day.

Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.