Vilnius/Riga/Tallinn, Nasdaq Baltic Market, October 12, 2026 – Nasdaq (Nasdaq: NDAQ) announces that UAB KRS bonds have been admitted to trading on the Nasdaq Baltic First North Market through Nasdaq Vilnius.
The total amount of bonds offered across the Baltic countries is EUR 6 million. Each bond has a nominal value of EUR 1,000 and carries an annual interest rate of 9.25%, payable semi-annually. The bonds mature on April 12, 2029. The company plans to use the proceeds to strengthen its working capital, develop general contracting projects and refinance existing obligations.
“KRS is delivering infrastructure projects that are important both to Lithuania’s economy and to people’s everyday lives. The company is building an advanced therapy center and an infectious diseases facility at Santaros Clinics, has reconstructed the interior spaces of Vilnius Airport terminals, and is developing the new management center for the Klaipėda State Seaport Authority. Its portfolio also includes new kindergartens in Vilnius and the reconstruction of the Klaipėda Summer Stage. These are very different projects, but they share one thing in common: their long-term importance to society. We are pleased that KRS is using the capital market to finance its activities. It is a good example of how investors’ capital can support the growth of companies building the country’s infrastructure,” says Gediminas Varnas, President of Nasdaq Vilnius.
“Our company’s slogan, ‘Building for Future Generations,’ reflects the principle of creating long-term value that guides our everyday work. We bring the same principle to the capital market, seeking long-term cooperation with all market participants based on value creation and realization. I believe it is particularly important that institutional and retail investors participated in the offering in almost equal proportions. In this way, people across the Baltic countries can indirectly contribute to the development of important infrastructure. I would like to thank them, as well as everyone who participated in and contributed to the success of the bond issue,” says Paulius Grigas, CEO of UAB KRS.
The bond distributor is UAB FMĮ “Orion Securities”, with “C Capital Market” acting as an additional distributor, and the trustee is UAB “Grant Thornton Baltic”.
About KRS
UAB KRS is one of Lithuania’s largest general contracting companies, delivering building, utility infrastructure and electrical projects in both the public and private sectors. KRS is part of the Inspiration Holdings group, controlled by investor Paulius Grigas. The company currently manages a project portfolio worth more than EUR 300 million. Its largest ongoing projects include the infectious diseases facility and advanced therapy center at Santaros Clinics, the construction of the administrative building for the Klaipėda State Seaport Authority’s management center, and the reconstruction of the interior spaces of Vilnius Airport terminals.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform creating solutions that advance the global economy. The company provides infrastructure for the world’s most modern markets, supports an innovation-driven economy and strengthens trust in financial markets. Nasdaq’s advanced technology, data and analytics solutions create new opportunities for businesses, help them manage risk and strengthen their resilience. More information about Nasdaq, its technology solutions and career opportunities is available on the company’s LinkedIn, X @Nasdaq and nasdaq.com.
The Nasdaq Baltic Market consists of three exchanges in Estonia, Latvia and Lithuania, as well as the central securities depository Nasdaq CSD. More information: nasdaqbaltic.com.
Media Contact:
Aksel Kirikal
Marketing and Communications Manager
Nasdaq Tallinn
aksel.kirikal@nasdaq.com
+372 5322 5274