Today AS CleanR Grupa launches public bond offering
AS CleanR Grupa a group of leading companies in the environmental services sector in Latvia, is launching a public bond offering across all three Baltic countries with a fixed annual interest rate of 6.5% and a four-year maturity. Through this offering, the Group aims to raise up to EUR 15 million in its first tranche. The total bond programme amounts to up to EUR 50 million and is intended for the refinancing of existing bonds and further growth in the Baltics. The subscription period will run until 11 November, and both retail and institutional investors are invited to participate in the Group’s next stage of development. The bonds are intended to be listed on Nasdaq Riga’s regulated market.
This is CleanR Grupa’s second bond issue and the first public offering. Existing investors are invited to participate in the bond exchange offer. In total, 15,000 bonds are available to investors, each with a nominal value of EUR 1,000, a fixed annual interest rate of 6.5%, quarterly coupon payments, and a four-year maturity.
The Group’s revenue structure is diversified and well-balanced across several business segments. In recent years, the Group has strategically expanded its service portfolio, reducing the share of household waste management in total revenue while retaining its leading position in this segment. CleanR Grupa operates in two core business areas: waste management and environmental services. The company provides a full waste management cycle – from collection and sorting to recycling, where waste is turned into new resources – and offers a broad range of environmental services. This vertically integrated business model ensures stability, scalability, and strong synergies across logistics, operations, and technology.
“CleanR Grupa has shown consistent growth and development. Over the past decade, the Group has completed more than eight M&A transactions, further strengthening its market position and expanding its portfolio of services. We are now ready for the next stage – to expand across the Baltics while continuing our organic growth. With this bond issue, we are offering investors an opportunity to contribute to the development of the circular economy while earning a stable, predictable financial return,” says Juris Gulbis, Chairman of the Management Board of AS CleanR Grupa.
“CleanR Grupa knows how to turn resources into resources. In the same way, investors can transform their capital into a long-term investment that combines steady financial returns with a vision for sustainable growth. It is an opportunity to be part of CleanR Grupa’s next stage of development while receiving a stable, fixed quarterly income from the investment,” says Kristiāna Janvare, Head of Investment Banking at AS Signet Bank.
The bond issue is organised by Signet Bank, with legal advice provided by law office Eversheds Sutherland Bitāns. The investors’ representative (trustee) is CSC Group (Sweden).
Investor webinar
CleanR Grupa invites investors to join a webinar, where the company will present its operations, growth plans, and bond offering, and answer participants’ questions. The webinar will be held on 30 October at 12:00 EET. (in English). Registration for the webinar is available here: https://ej.uz/webinareng.
The subscription period will open on 29 October at 10:00 and close on 11 November at 15:30 (EET). As the deadlines for submitting bond purchase orders on the final day may vary between banks or brokerage firms, investors are encouraged to contact their financial service provider to confirm the exact deadline for submitting their subscription orders.
