Vilnius/Riga/Tallinn, Nasdaq Baltic Market, April 30, 2018 – Nasdaq (NDAQ) announces that green bonds issued by the Republic of Lithuania will be admitted to the Baltic Bond List by Nasdaq Vilnius on May 3, 2018. It is the first issue of government securities in the Baltic region whose proceeds will be dedicated to implementing green projects.
Lithuania’s sovereign green bond issue has a maturity of 10 years, with redemption on May 3, 2028. The bonds have a nominal value of 100 euros. The government intends to use the funds raised for modernizing apartment buildings to improve their energy efficiency.
“We are pleased to present Lithuanian investors with green bonds issued by the government. Thus we are increasing the opportunities for Lithuanian capital market participants to contribute to the financing of green projects. Interest in green bonds is growing rapidly worldwide – it’s a global process. I am happy that we are also moving in this progressive direction and developing a green bond market in the country,” says Minister of Finance Vilius Šapoka.
“We very much welcome the Lithuanian government’s decision to issue green bonds and to include them on the Nasdaq Baltic Bond List. This is the first issue of sovereign debt securities of its kind in the Baltics. We are delighted by our long-term cooperation with Lithuania’s Ministry of Finance and we believe that the green bonds will help further stimulate investor interest in the Baltic region,” says Saulius Malinauskas, the President of Nasdaq Vilnius.
According to Saulius Malinauskas, the listing of Lithuania’s green bonds on the Nasdaq Baltic Market is an important milestone for the region’s investors and markets in terms of creating opportunities for sustainable investments. European capital markets are placing special emphasis on green finance, as can also be seen in the rapid emergence of a green bond market in Nordic region.
About Green Bonds
The main purpose of green bonds is to finance green projects which have to address key environmental issues, such as climate change, depletion of natural resources, loss of biodiversity, air, water or soil pollution. Apartment renovation and increased energy efficiency will contribute to reducing CO2 emissions and heating costs.
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Learn more at nasdaqbaltic.com.
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