Nasdaq Welcomes Rīgas ūdens to the Nasdaq Baltic Bond List

05.06.2025 RIG, TLN, VLN

Riga/Tallinn/Vilnius, Nasdaq Baltic Market, June 5, 2025 – Nasdaq (NDAQ) announces that bonds issued by Rīgas ūdens were admitted to trading on the Nasdaq Baltic Bond List by Nasdaq Riga as of today.

Rīgas ūdens, an essential water and sewer service provider in Latvia owned by the Municipality of Riga, has successfully raised EUR 20 million in its first public European Green Bonds offering. The nominal value of one bond is 100 EUR with a fixed annual coupon rate of 4%, paid quarterly, and a 5-year maturity.

Total demand for the bonds reached EUR 45.5, representing 228% of the initial issuance target. By volume, approximately 85% of the total demand came from institutional investors, while 15% was contributed by retail investors.

“Rīgas ūdens is the first municipal company in Latvia to successfully raise funds through the capital market, offering Baltic residents the unique opportunity to invest in a stable Latvian enterprise. This milestone benefits both the company and the local economy, setting an inspiring example for other municipal entities,” says Liene Dubava, Chair of the Management Board of Nasdaq Riga.

“We are grateful to everyone who chose to participate in our public bond offering and are truly encouraged by the strong interest shown by investors. This support enables us to take the next step in the strategic development of our company – implementing environmentally sustainable infrastructure projects while actively involving both residents and employees in the process. The issuance of green bonds by Rīgas ūdens marks a meaningful step toward a more sustainable future – for our city and for the industry as a whole,” says Agnese Ozolkāja, Member of the Management Board of Rīgas ūdens.

SIA Rīgas ūdens is the largest provider of water supply and sewerage services in Latvia, ensuring the delivery of high-quality drinking water, as well as the collection and treatment of wastewater in Riga and its vicinity – covering around 50% of the national market. Its infrastructure comprises 1,536 kilometers of water pipelines, 1,282 kilometers of sewerage networks, six water extraction stations, eight water pumping stations, five water reservoirs, 107 wastewater pumping stations, a water quality testing laboratory, and a biogas production facility.