Tallinn/Riga/Vilnius, Nasdaq Baltic Market, March 10, 2016 – Nasdaq (Nasdaq: NDAQ) announces that bonds of ELKO Grupa AS (short name: ELG), the Latvian IT products and services wholesale company, will be listed on the Nasdaq Baltic Bond List by Nasdaq Riga as of March 21, 2016. It is the first company to be listed on Nasdaq’s Baltic Bond market in 2016, and the 21st new bond issue to be listed on the Baltic Bond List during the last 12 months.
Founded in 1993, ELKO Grupa AS (ELKO Group) is one of the largest IT product wholesalers, solutions and services experts in Eastern Europe. The company represents more than 90 IT vendors and sells their goods to more than 7000 retailers, local computer producers and system integrators. More information: elkogroup.com.
„Our bond listing on the Nasdaq Baltic Bond List is an appreciation of our company’s prior development and successful operation in the IT solutions, computer equipment and electronic goods wholesale,” comments Svens Dinsdorfs, ELKO Group CEO. „Raising additional funds allows us to diversify our sources of financing, therefore strengthening our position in the markets and promotes further growth of the company.”
„It is a pleasure to welcome ELKO Grupa to Nasdaq Baltic Bond market,” said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic and Head of Nasdaq Riga. „We continue to add exciting companies to our Bond market, and ELKO Grupa will be a great addition to this list. We look forward to supporting company’s growth ambitions, and are happy to provide them with the increased visibility as well as investor awareness.”
The total nominal value of listed bonds is EUR 8 million. The nominal value of one bond is EUR 1000. The annual interest rate is 8%, interest payments are made quarterly. Maturity date of the bond issue is October 16, 2018.
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