NASDAQ OMX Welcomes ExpressCredit to Baltic Bond Market

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| Source: NASDAQ OMX Riga
multilang-release

Tallinn/Riga/Vilnius, Baltic Market, March 26, 2014 – The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that as of March 28, 2014 the pawnshop operator SIA ExpressCredit (EXPC140018A) bonds in total value of EUR 4.750 million will be listed on the NASDAQ OMX Baltic Bond list by NASDAQ OMX Riga.

Latvian largest network of pawnshops SIA ExpressCredit that works with brand Lombards24.lv has completed bond issue, thereby attracting EUR 5 million for development of the company. Initial value of bond issue was EUR 5 million. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment.

“We welcome ExpressCredit bond issue listing on the Baltic Bond list,” said Daiga Auziņa-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market. “We look forward to the future development of the fixed income market in Baltic as we see growing customer interest and more companies choosing issuance of public bonds as an attractive capital raising opportunity.”

"A successful bond issue is a confirmation to the fact that we work transparently and openly, according to the best standards of corporate governance," said Agris Evertovskis, Chairman of the Board at SIA ExpressCredit.


About ExpressCredit

SIA ExpressCredit owns the largest network of pawnshops in Latvia with 95 branches in 38 cities. The company issues loans against pledge of movable property (pawnshop loans), loans without collateral, loans against vehicle, as well as mortgage loans. The company averagely employs 277 employees. According to unaudited data of 2013, turnover of SIA ExpressCredit was 13.67 million euros, profit – 370 280 euros, but 1 987 980 euros were paid in taxes. The owners of SIA ExpressCredit are SIA Express Holdings (51%), SIA Ebility (24,5%) and SIA AE Consulting (24,5%). The company was registered in 2009.

 
About NASDAQ OMX Group

NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.

NASDAQ OMX Baltic is a common name for exchanges, regulated markets, alternative First North markets operated by NASDAQ OMX companies in the Baltic States, i.e. NASDAQ OMX Tallinn AS, NASDAQ OMX Riga A/S and AB NASDAQ OMX Vilnius. 

 
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Media Relations Contact:
Audrone Ranonyte
370 5 272 34 58
Audrone.ranonyte@nasdaqomx.com