Nasdaq Welcomes LATRAPS to the Nasdaq Baltic First North Market

05.03.2025 RIG, TLN, VLN

Riga/Tallinn/Vilnius, Nasdaq Baltic Market, March 5, 2025 – Nasdaq (NDAQ) announces that bonds issued by the Latvian company LATRAPS were listed on the Nasdaq Baltic First North Market by Nasdaq Riga as of today.

LATRAPS, a leader in Latvia’s agricultural sector and one of the largest grain exporters in the Baltics, successfully attracted 8 million euros through a public bond issue.

The nominal value of each bond is 1,000 EUR, with a 7,5% annual interest rate, which will be paid quarterly. Institutional and retail investors from Latvia, Estonia, and Lithuania participated in the public bond offering, and the total demand for the bonds exceeded 12 million euros, which is 50% more than the target for the issue. The bonds will mature on December 12, 2028.

“LATRAPS’ debut on the First North market is a significant event for the entire agricultural sector, both in Latvia — LATRAPS is the first Latvian agricultural company to be listed on the stock exchange — and in the Baltics as a whole. If a company cares about its reputation and has a clear development strategy, then investors will be interested, and the LATRAPS’ example is a proof of that. Getting listed on the stock exchange will help the company to grow and develop more confidently and with the support from investors,” says Liene Dubava, CEO of Nasdaq Riga.

“For almost 25 years, we have built a strong and competitive cooperative that unites more than 1,220 members. Previously, only LATRAPS members could invest in our growth, but with this bond offering, we have opened the opportunity for a broader circle of Baltic investors to participate in the success story of Latvian agriculture. We are honored to join the ambitious companies on Nasdaq Baltic First North and grateful to more than 300 Baltic investors for their trust. Together, we can ensure that the name of Latvian agriculture, LATRAPS, and ASNS Ingredient resonates globally — both in the world economy and in every kitchen,” emphasizes Roberts Strīpnieks, Chairman of the Board of LATRAPS.

LPKS LATRAPS is a leader in Latvia’s agricultural sector and one of the largest grain exporters in the Baltics. The cooperative was established on April 22, 2000, when 12 farms from the Zemgale region united with the goal of fostering the growth of Latvian farmers, ensuring strong representation in global markets, and creating a sustainable, knowledge-based, and innovative agricultural environment in Latvia. Today, LATRAPS has grown into the largest farmer-owned enterprise in Latvia, uniting more than 1220 members who actively participate in key governance decisions. LATRAPS has demonstrated strong profitability and a stable capital structure.