Nasdaq Welcomes Hestio to the Baltic First North Market

19.12.2023 RIG, TLN, VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, December 19, 2023 – Nasdaq (Nasdaq: NDAQ) announces that bonds issued by Latvian company Hestio were admitted to trading on the Nasdaq Baltic First North Bond List by Nasdaq Riga as of today.

Hestio, the leading provider of workspace solutions in Latvia, has issued secured and guaranteed bonds in the amount of EUR 990,000 as part of a private offering. The maturity date of the bonds is September 1, 2027.

Raised funds will be used to increase Hestio working capital and expand operations in the existing business segments in the Latvian and European Union markets.

“This year we’ve seen a notable increase in bond offerings by Latvian companies, underscoring the ambition of local companies to develop. This year is also special for Hestio – the company has successfully debuted on the Nasdaq Baltic First North market. We are delighted for another participant in the capital market and every company that continues to move towards its goal,” said Liene Dubava, CEO of the Nasdaq Riga stock exchange.

“By admitting to trading our earlier issued bonds, we have reached a notable milestone in our development and level of corporate transparency. Hestio is the market leader in the Latvian workspace solutions sector. We are using the proceeds to develop existing services further as well as introducing new services via potential acquisitions due to the fragmented nature of the market”, said Reinis Tutāns, Member of the Board and Chief Financial Officer (CFO) of Hestio.

Hestio is a full-service workspace solution provider, serving the Latvian market since its establishment in 2007. Distinguished as the market leader in the office supplies and services sector, the company has earned the trust of over 8 000 customers.