CleanR Grupa plans to launch its first bond issue

26 Oct 2022

AS CleanR Grupa, a group that manages Latvia’s leading companies in the environmental services industry sectors such as waste management and premises, road, and urban environment maintenance, is planning to launch its first bond issue.  The bonds will be offered in a single issue, and the issue will be organised by Signet bank, a bank assisting the leading Baltic companies to attract funds in the capital markets.

 

“The debut in the bond market is a significant step for CleanR Grupa’s further growth. The structural changes implemented last year that include strengthening of the Group’s corporate governance model and establishing new companies with a narrowed business focus were the homework before embarking on the next strategic stage in the Group’s development.  The Group’s long-term focus is placed on sustainability and operations supporting climate neutrality as well as substantial capital investments. To achieve it, it is necessary to utilise instruments of the capital market,” says Guntars Kokorevičs, Chairman of the Supervisory Board at CleanR Grupa.

The funds raised from the bond issue will be used to implement the Group’s investment plan, which seeks to expand and diversify the range of services offered by the Group’s companies and strengthen the company’s position in the waste management, territory, and urban environment maintenance sectors.

“We are glad to see that CleanR Grupa has entrusted Signet bank, and industry expert in the Baltics, with the task of organizing its first bond issue. CleanR Grupa’s companies are leaders in their respective environmental services sectors and possess extensive experience and expertise. Also, the Group’s adopted sustainable development course and planned investment project portfolio speak of the movement toward well-weighed industry development that will produce benefits to the whole environmental services industry and Latvian people,” points out Kristiāna Janvare, Head of Investment Division at Signet bank.

The secured bond issue is planned in the form of a private placement in November this year, and the issued bonds will be listed on Nasdaq Riga First North market. Concrete bond issue parameters will be defined in the terms of the issue.

 

About AS CleanR Grupa

AS CleanR Grupa includes SIA CleanR, a household waste management company, SIA CleanR Verso, an industrial waste management company specialising in construction waste and recycled resources, SIA Vizii, a cleaning company, and SIA Vizii Urban, an urban environment management business. AS CleanR Grupa, its subsidiary and associate companies, primarily work with environmental service management. AS CleanR Grupa’s shareholder is Guntars Kokorevičs. The concern comprises a total of 20 companies, of which CleanR, Vides resursu centrs, and Vizii currently produce the biggest net turnover volumes.

 

For more information:

Zane Auziņa

Public Relations Manager at CleanR

28304214

[email protected]