Tallinn/Riga/Vilnius, Nasdaq Baltic Market, November 12, 2015 – Nasdaq (Nasdaq: NDAQ) announces that 2,000 bonds issued by Mainor Ülemiste in June 2015 will be admitted to trading on the Nasdaq Baltic First North bond market by Nasdaq Tallinn on November 12, 2015.
The Estonian real estate developer Mainor Ülemiste will issue another tranche consisting of up to 3,000 bonds on November 17, 2015. The aggregate value of the bond issues will amount to EUR 5 million. The nominal value of a bond is EUR 1,000, coupon rate is 7% per annum which is paid out quarterly. The bonds will mature on November 26, 2018.
„Mainor Ülemiste as a developer of a unique and large-scale business campus is an interesting company which suits well to the First North market,“ said Kalle Viks, Head of Issuer Services at Nasdaq Tallinn. „We have seen a considerable number of companies joining Baltic First North equity and bond markets this year. This increase in activity has enhanced our conviction that there is a need for a marketplace with easier access also in the Baltics.“
Mainor Ülemiste is the initiator and lead developer of Ülemiste City project in Tallinn which is one of the largest commercial real estate development projects in the Baltics. Today approximately 6,300 employees work in 300 enterprises located in Ülemiste City. Read more: http://mainorulemiste.ee/?lang=en.
”We are hoping to raise money on capital markets in the form of bonds or shares also in the future and in order to facilitate that ambition, we want to put transparent investor relations practices in place and increase our visibility for potential investors already now,” said Margus Nõlvak, the Chairman of Mainor Ülemiste. ”Although the current issue will be admitted to trading on the First North market, it might very well be that Mainor Ülemiste’ securities would be listed on Nasdaq Baltic Bond List when the volumes of the projects and issues increase.”
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