Advising UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market

20.06.2017 Advising UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market

The firm’s banking and finance team advised UPP & CO KAUNO 53 OÜ, a company owned by Estonian asset management company United Partners Property, during the process of admittance to trading on Nasdaq Baltic First North market.

The size of the subordinated, commercial property backed bond issue is EUR 4.7 million. The nominal value of one bond is EUR 1,000. The annual coupon rate is 8% which is paid out quarterly. The maturity date of the bond issue is April 17, 2022.

United Partners is an independent investment banking firm established in 2003 and its core businesses are corporate finance advisory services (United Partners Advisory), direct equity investments (United Partners Investments), asset management services (United Partners Asset Management), and real estate development (United Partners Property).

First North is a multilateral trading facility, operating in parallel with a regulated market in the Nordic and Baltic countries but without the legal status as a regulated market in the EU. First North offers a solution to the needs of local growth companies with lower requirements and regulations.

Nasdaq, Inc. is the world’s leading provider of trading, clearing, exchange technology, listing, information and public company services, used in more than 85 marketplaces in more than 50 countries. Nasdaq is home to 3,800 listed companies with a combined market value of over $10.1 trillion.

On the same topic

Nasdaq Tallinn press release: Nasdaq Welcomes United Partners to First North


Marko Kairjak
Nikita Divissenko
Elina Varendi