INDEXO Banka’s €5 Million Bond Issue Listed on the Nasdaq Baltic Market

11.05.2026 RIG, TLN, VLN

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 11, 2026 – Nasdaq (NDAQ) announces that bonds issued by AS INDEXO Banka, a subsidiary of IPAS INDEXO, have been admitted to trading on the Baltic Bond List as of today.

The bond issue totals EUR 5 million, with a nominal value of EUR 1,000 per bond. The bonds carry an annual coupon rate of 10.00%, with interest paid semi-annually. The bonds will mature on April 29, 2036.

“INDEXO group companies are actively using the regional capital markets to drive growth. I’m glad to see that following IPAS INDEXO’s share listing, INDEXO Banka is now joining the exchange and tapping into the bond market, further strengthening the group’s capital markets presence,” said Liene Dubava, CEO of Nasdaq Riga.

The listing of INDEXO Banka bonds follows the public bond offering across the three Baltic countries. The total demand from investors was EUR 10.8 million, which means that the base volume of the issue – EUR 3 million – was oversubscribed 3.6 times. More than 800 investors participated in the offering.

“The admission of INDEXO Bank’s bonds to trading on the Nasdaq Baltic regulated market gives investors the opportunity to trade them freely on the secondary market. For us, it also reaffirms our commitment to the same standards of transparency and corporate governance that we already uphold as Nasdaq Riga-listed IPAS INDEXO. The capital raised will strengthen INDEXO Bank’s position and enable us to continue building a modern, competitive alternative in the Baltic banking market. We thank our investors for their trust,” said Ivita Asare, Chief Financial Officer of INDEXO.

AS INDEXO Banka is a Latvia-based credit institution licensed by the European Central Bank. INDEXO Banka is part of INDEXO, a Latvian financial services group that operates in the interest of the local population, makes strategic decisions domestically, and contributes significantly to the development of Latvia’s financial sector. The Bank’s sole shareholder is IPAS INDEXO, whose shares are listed on Nasdaq Riga Baltic Main List. More information at: https://indexo.lv/en/