Nasdaq Welcomes Nordspace to the First North Market

28.05.2025 RIG, TLN, VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, May 28, 2025 – Nasdaq (NDAQ) announces that as of May 28 this year, the Nasdaq Vilnius Stock Exchange includes bonds issued by UAB NordSpace for trading on the Nasdaq Baltic First North market.

UAB Nordspace raised 3.3 million euros through a public bond offering in Lithuania, Latvia, and Estonia. Each bond has a nominal value of 1,000 EUR and an annual interest rate of 12%, paid semi-annually. The bond issue duration is 2 years, with a redemption date of March 31, 2027.

The company’s bonds were acquired by 149 investors, raising 3.3 million euros. The bonds were subscribed by 51 investors from Lithuania, 56 from Estonia, 41 from Latvia, and 1 from Finland.

“We congratulate Nordspace on successfully joining the Nasdaq Baltic First North market. This is an excellent step that will promote the development of smart Nordspace business parks through newly issued bonds,” said Gediminas Varnas, President of Nasdaq Vilnius.

“Our business model has proven successful in Lithuania, Latvia, and Poland. Currently, we see growing demand for small, multifunctional commercial spaces. This bond issue is an important step in our capital market strategy, as it will allow us to build a long-term relationship with investors in the Baltic bond market,” says Pijus Labanauskas, Finance Director of the Lithuanian company Nordspace.

The funds raised by UAB Nordspace will be used to continue expansion plans and strengthen positions in the Baltic countries and Poland.

The public bond issue was organized by UAB Redgate Capital AS, the trustee was UAB Legisperitus, and the law firm Sorainen in Lithuania acted as legal advisor, which also serves as the company’s certified advisor in the First North market.

Nordspace is a commercial real estate company founded in 2019 in Lithuania, specializing in the construction and development of smart business parks. The company creates modern, multifunctional spaces – business boxes – adapted for the daily activities of small and growing businesses.

This is one of the first segments of its kind in the Baltic real estate market – smart industrial parks where modern technological solutions and sustainable infrastructure are focused specifically on the needs of small businesses: flexibility, efficiency, and accessibility.