Nasdaq Welcomes Admiral Markets AS to the Nasdaq Baltic Bond List
We're delighted to inform you that Nasdaq (NDAQ) has announced that, as of January 11, 2018, the bonds issued by Admiral Markets AS are listed on the Nasdaq Baltic Bond List by Nasdaq Tallinn.
"Admiral Markets AS has grown from an Estonian company to a global online trading platform and I'm glad to see that they are fueling their future growth through the stock exchange," said Kaarel Ots, CEO of Nasdaq Tallinn. "Also, it's good to see that companies becoming public are increasingly aiming their offerings at retail investors. Admiral Markets AS provides a great example by issuing and offering bonds with 100 euro nominal value."
The listing follows the public offering of Admiral Markets AS' bonds in the Baltics. 306 investors subscribed for the bonds in the total amount of €1,826,800. The nominal price of the bond is €100, interest rate is 8% per annum and interest payouts are made two times per year. The maturity date of the bonds is 28 December 2027, on which date the issuer shall redeem all bonds.
"A company operating in the financial sector has to have several sources for raising capital. Being listed on the stock exchange makes our company more transparent and enhances our profile among potential investors," said Sergei Bogatenkov, a Member of the Management Board of Admiral Markets AS. "The market is currently offering us an attractive interest rate coupled with liquidity, and we want to make sure we're using that offering. We're going to use the money to strengthen our position on the markets we're already operating in, increase our client base, grow our clients assets and eventually become a top 10 company operating in this sector."
For further information about the bond issue please visit: admiralmarketsgroup.com/bonds/.
Please note: The news is for information purposes only and does not represent an investment advice.