Kreda Joins the Nasdaq Baltic First North Market

16.12.2025 VLN

Vilnius/Tallinn/Riga, Nasdaq Baltic Market, December 16, 2025 – Nasdaq (NDAQ) has listed the subordinated bonds of United Central Credit Union, which unites the Kreda group, on the Nasdaq Baltic First North Market.

Through a public bond offering, Kreda raised EUR 1.06 million. Each bond has a nominal value of EUR 1,000, an annual interest rate of 8 %, payable semi-annually. The bond maturity is 8 years, with a redemption date of September 30, 2033.

“Joining the Nasdaq Baltic First North Market is a significant milestone, demonstrating Kreda’s ambition to grow, strengthen trust in the company within the capital markets, and ensure the highest transparency standards,” said Gediminas Varnas, President of Nasdaq Vilnius.

“The first inclusion of Kreda’s subordinated bonds on the Nasdaq First North Market reflects our commitment to investors to ensure bond liquidity and adherence to higher transparency standards. The issued bond series allowed us to strengthen our capital base, expand services, and provide loans to union members under even more favorable conditions,” commented Mindaugas Raipa, Chairman of the Board of the Kreda group.

The bond distributor is the investment firm Uniqum Capital, and the bondholders’ trustee is the company Audifina.

About Kreda 

The United Central Credit Union is a dynamic and ambitious central union in Lithuania, managing the Kreda group of credit unions. Established on January 2, 2018, it unites 15 credit unions with long-standing experience. Kreda is a cooperative-based credit union registered by legal entities of credit unions and operates on share capital principles. In Q3 2025, the Kreda group’s assets exceeded EUR 670 million.

About Nasdaq

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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com

The Nasdaq First North market is designed to help smaller growing companies looking to attract capital and secure the visibility and credibility characteristic of public companies. For investors, First North provides an opportunity to invest in companies that are at an earlier growth stage.