Today, October 28, UAB “Partnerystės projektai keturi”, a company belonging to the “EIKA” group, redeems half of the 8 million euro issue and pays the accrued interest to investors. This issue was distributed in April 2023 and is intended to finance a defense infrastructure facility in Šiauliai. The bond redemption date is April 28, 2026, with the possibility of redeeming part of the issue earlier.
The construction of the Šiauliai military town was completed in April of this year – then the facility was successfully transferred to the Ministry of National Defense of the Republic of Lithuania. The income received from the development and construction of the project, as planned, provided the opportunity to redeem half of this issue. UAB “Partnerystės projektai keturi”, a company belonging to the “EIKA” group, will continue to successfully service this facility for the next 12 years under a public-private partnership agreement, providing various services such as maintenance of premises, cleaning, etc.
This issue is quoted on the main bond list of the Nasdaq Baltic market. The issue was subscribed by Baltic pension and investment funds, which are managed by three investment fund managers: UAB SEB investicijų valdymas and UAB Swedbank investicijų valdymas in Lithuania and CBL Asset Management IPAS in Latvia.
“We are grateful to the Baltic pension and investment funds who have trusted our potential. This is a unique case of a bond issue, when for the first time Baltic pension funds have jointly invested directly in a development project aimed at strengthening the security infrastructure of the region. In addition, this is the third time in several years that our group has been trusted by capital market investors. This time, institutional investors have trusted EIKA Group,” says Domas Dargis, CEO of EIKA Group.
This is not the only defense infrastructure project being developed by the EIKA group. In August 2024, the group’s subsidiary EIKOS statyba won the tender to implement the design and construction works of the first stage of the 125 million euro military town in Rūdninkai.
“Such projects show not only to us, but also to foreign investors that we believe in the future of this region, its security and financial success, that it is worth directing our investments here,” says D. Dargis.
As announced in September, the EIKA Group redeemed a EUR 5 million bond issue. The redemption deadline for another EUR 5 million issue of the EIKA Group is approaching in November. The decision to redeem or refinance will be made in the near future, taking into account the group’s capital needs for new investments and future projects.
In addition to this military campus issue, EIKA group companies have also issued bonds at the project company level for the projects “Užupio personos” (EUR 1 million) and “Jasinskio2” (EUR 3 million), which were issued through the bond platform “BeMyBond”.