Tallinn/Riga/Vilnius, Nasdaq Baltic Market, June 12, 2015 – Nasdaq (Nasdaq: NDAQ) announces that the bonds of energy sector company AB Modus Energija (trading ticker: MDEB060018A) will be admitted to trading on the First North Bond Market on June 17 by Nasdaq Vilnius.
The total nominal value of the Modus Energija Bond issue is EUR 1,723,000. The nominal value of Bond is EUR 1,000 each, the annual interest rate of 6%, and Maturity Date is April 20, 2018. Modus Energija operates 14 solar power plants with total installed capacity of 4.9 MW and 3 biogas power plants with installed capacity of 2.6 MW, producing electricity and heat. Modus Energija is a subsidiary company of UAB Modus Group. For more information, visit http://www.modusgroup.lt/en/.
“We are currently working with a number of banks operating in Lithuania, however capital market provides the opportunity to have an alternative source of financing,” said Nikolaj Martyniuk, Head of Modus Energija. “Admission to the Nasdaq First North ensures awareness of the company and transparency and that leads to greater investor confidence, which is very important for our development plans.”
„We welcome Modus Energija to the First North Bond Market”, said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic. “The First North is designed for innovative growth companies that aim to attract additional funds on the capital market and Modus Energija is a great example of that. Admission of the company to the First North brings greater visibility, brand recognition, and transparency.”
Modus Energija has appointed UAB FMĮ Orion Securities as Certified Adviser.
About Nasdaq First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic and Nasdaq Baltic. It does not have the legal status as a regulated market in the EU. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the regulated market.
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