CleanR Grupa enters the Nasdaq Baltic regulated market with a 15-million-euro bond issue
As of today the bonds issued by AS CleanR Grupa in the amount of 15 million euros have been included in the Nasdaq Baltic regulated market, marking an important milestone in the company’s growth strategy and shift to higher capital market standards.
During the public bond offering, demand for CleanR Grupa’s bonds exceeded the offered amount by 2.5 times. Demand from institutional and retail investors reached 37.8 million euros, significantly exceeding the target of the bond offering – 15 million euros.
“Three years after joining First North, CleanR Grupa has confidently progressed to the Nasdaq regulated market, marking a new milestone of corporate maturity. CleanR Grupa’s commitment to a cleaner, more modern, and more sustainable Latvia has resonated strongly with investors. We congratulate the company on this milestone and celebrate another Latvian business that sees the capital market as an opportunity for both its own growth and the benefit of society,” said Liene Dubava, CEO of Nasdaq Riga.
CleanR Grupa’s Chairman of the Supervisory Board, Guntars Kokorevičs: “CleanR Grupa has been listed on the stock exchange since 2023, and at the end of last year, the Group’s management also rang the Nasdaq Stock Market Closing Bell in New York, Times Square, marking the best investor relations assessment. Today’s Bell Ceremony signals the shift to next level; we are now participants of the regulated market. The high demand for the Group’s bonds is a vote of confidence in our development vision. Our ambition is to build a modern environmental and waste management infrastructure in our country. This vision is based on people – almost 2,000 professionals whose work every day contributes to the overall growth of the Latvian economy. My gratitude goes to our colleagues for what we have achieved together, to investors for their trust, and to partners for our common path.”
Chairman of the Management Board of CleanR Grupa, Juris Gulbis, emphasized that the refinancing of bonds, moreover, for the first time in a public offering, and the high demand, provide a clear mandate for further action.
“We are implementing the vision practically: investing in sorting and recycling capacity, digitalizing processes, renewing the fleet with low-emission solutions, and strengthening the quality of services throughout Latvia. This result is ensured by our team – professionals at the front row of our fleet, in production plants, and in the office. The goal is measurable: more recycling, fewer landfills, and faster, more transparent service for our customers. Appreciation to investors for your trust – we will convert capital into practical work and a tangible impact on the environment and the economy,” explains Gulbis.
In the public bond offering, CleanR Grupa attracted 15 million euros by issuing 15,000 bonds with a nominal value of 1,000 euros each. The bonds have a fixed annual interest rate of 6.5%, interest payments are made quarterly, and the maturity is four years.
AS CleanR Grupa operates the leading companies in Latvia’s environmental services sector. The Group includes the municipal waste management company CleanR, the industrial, construction, and demolition waste management company CleanR Verso, the hazardous and medical waste management company Lautus, the waste recycling company CleanR Industry, the producer responsibility system company Zaļā josta, the commercial premises cleaning company Vizii, the urban environment service company Vizii Urban, and the regional environment service companies KOM-Auto and Tranzīts L.
The Group’s companies serve more than half a million Latvian residents daily. The company is characterized by the highest level of digitalization in the environmental services sector, high customer service standards, and leadership in implementing the core principles of sustainability and the circular economy. AS CleanR Grupa is a 100% Latvian capital company, with Guntars Kokorevičs as its Founder and Chairman of the Supervisory Board.
