Nasdaq welcomes Bigbank to Baltic Bond List

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, September 22, 2022 – Nasdaq (NDAQ) announces that bonds issued by Bigbank have been listed on the Nasdaq Baltic Bond List by Nasdaq Tallinn as of today.

The size of Bigbank issue of unsecured subordinated bonds is EUR 20 million. Each bond has a nominal value of EUR 1,000. They have a fixed annual coupon rate of 8% with quarterly payments. The bonds mature on September 21, 2032.

The listing of the Bigbank bonds follows their public offering to Estonian, Latvian and Lithuanian investors. Based on demand for the bonds of EUR 22.8 million, the base amount of the offering – EUR 10 million – was oversubscribed by more than 2 times. A total of 1,610 investors subscribed to the bonds.

“It’s great to see more and more Estonian companies tapping into the public market to finance their growth and thus provide new investment opportunities for the Baltic investors,” said Kaarel Ots, CEO of Nasdaq Tallinn. “By attracting more than 1,600 investors and having the offer two times oversubscribed, Bigbank can be assured the investors’ appetite for their securities is big.”

The chairman of the management board of Bigbank, Martin Länts, thanked all the investors who participated in the public offer for their trust in the company.