Nasdaq Welcomes UAB Jasinskio 14 project to the Nasdaq Baltic First North Market

13.02.2025 RIG, TLN, VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, February 12, 2025 – Nasdaq (NDAQ) announces that bonds issued by UAB Jasinskio 14 project company were listed on the Nasdaq Baltic First North Market as of today.

UAB Jasinskio 14 project has successfully raised a total of EUR 8 million to finance the development of Business Center ‘Yellowstone’ through a public bond offering targeted at investors in Lithuania, Latvia and Estonia. Each bond holds a nominal value of EUR 1,000 and provides an annual coupon rate of 11%, with quarterly payments. The bonds mature in 18 months.

The bond issuance by UAB Jasinskio 14 project garnered interest from over 400 private and institutional investors, leading to subscriptions exceeding EUR 10 million.

“We welcome UAB Jasinskio 14 project to the First North Market and are pleased to observe that Lithuanian companies are using the opportunities provided by this alternative market. The bond issue’s success and oversubscription indicate investor confidence in the ‘Yellowstone’ Business Centre project. We extend our best wishes to the company for future success,” says Gediminas Varnas, President of Nasdaq Vilnius.

“The Yellowstone Business Centre is among the first signs of the Business Triangle district’s renaissance. Its advantages have already been recognized by financial, pharmaceutical, beverage, health, telecommunications, creative, and public sector organizations, which are building a strong business community here, with more than 50% of the building already leased. Following a successful bond issue, our focus is now on completing the business centre’s fit-out and securing additional tenants,” says Agnius Tamošaitis, Director of the Jasinskio 14 Project.

Šiaulių bankas organized the public bond issue. The law firm Cobalt served as legal advisor and is also the certified adviser for the company on the First North market.

About Jasinskio 14 project UAB

Jasinskio 14 Project UAB is a Lithuanian holding company specializing in the management and financing of shares in its subsidiary, Project RE 1 UAB. This subsidiary oversees the development of the Yellowstone Business Centre in central Vilnius. Spanning 13,414 sqm across nine floors and two underground levels, the Yellowstone Business Centre is easily accessible by public transport and benefits from a well-developed infrastructure and a vibrant, green inner square. The building incorporates renewable energy solutions and advanced climate control systems. The project has been developed in line with the international BREEAM standard for sustainable buildings, with the goal of achieving a BREEAM In-Use Excellent rating.

Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.

Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com

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Media contacts:
Birutė Jocaitė-Šliurpienė
birute.jocaitesliurpiene@nasdaq.com
+370 6154 6123