Vilnius, 15 October 2026
UAB 15min, the parent company of the Lithuanian media group 15min (the Company), announces the launch of a public offering of bonds to investors in Lithuania and Estonia. Under the Information Document describing a bond programme of up to EUR 12 million, the Company is offering a first tranche of EUR 10 million. The Final Terms for this tranche were approved by the Company’s Board on 12 October 2026.
Key terms of the bonds
· First tranche size: EUR 10,000,000; nominal value and issue price per bond: EUR 1,000;
· ISIN: LT0000139180;
· Annual interest rate: 9.5%; interest is payable quarterly on 28 January, 28 April, 28 July and 28 October;
· Issue date: 28 October 2026; maturity date: 28 October 2029;
· Minimum investment: EUR 1,000;
· Subscription period: from 9:00 on 15 October to 15:00 on 26 October 2026;
· The Company may redeem the bonds early once 12 months have elapsed from the issue date, at 101% of the outstanding nominal amount up to 18 months after the issue date, and at 100% thereafter;
· Bondholders may require redemption at 102% of the outstanding nominal amount if the bonds are delisted or are not admitted to trading, or at 100% in the event of a change of control of the Company;
· Bondholders’ trustee: Grant Thornton Baltic UAB;
· The bonds have not been assigned a credit rating.
Security
The bonds will be secured by a lower-ranking pledge over 100% of the shares in UAB M-1, UAB Radijo stotis Ultra Vires and UAB Radijo stotis Laluna, ranking behind the prior-ranking pledge in favour of AB Mano bankas. The pledge will be registered within 20 business days of the issue date; until it is registered, the bonds will be unsecured.
The Company or another group company may obtain up to EUR 5 million in additional financing from AB Mano bankas (the amount currently outstanding under financing provided by this bank is approximately EUR 10.4 million) to refinance existing bonds and carry out an internal group reorganisation involving the transfer of shares in UAB BNS to UAB M-1. UAB BNS will remain within the group, and its ultimate control will remain unchanged. In accordance with AB Mano bankas’s standard practice, the maximum amount secured by the prior-ranking pledge may be up to 140% of the financing provided by the bank.
Use of proceeds
Approximately EUR 9.8 million in net proceeds will be used to redeem part of the existing EUR 16 million bond issue (ISIN LT0000409864), which matures on 28 October 2026, and for the Company’s general corporate purposes. The remaining portion of the existing bonds will be refinanced using available funds and additional bank financing.
Exchange of existing bonds
During the subscription period, holders of the existing bonds may exchange them for new bonds at a ratio of 1:1 by submitting an exchange order to their custodian. The exchange is subject to the general allocation principles, and the exchange of all bonds is therefore not guaranteed.
Subscription and trading
The bonds will be offered through an auction on Nasdaq Vilnius. Investors may submit subscription orders through members of the exchange. The Company will apply for admission of the bonds to trading on First North, the alternative market operated by Nasdaq Vilnius. AB Artea bankas is the placement agent for the issue.
Issue documentation
The Information Document and the Final Terms are available on the Company’s website at https://www.15mingrupe.lt/. The Information Document is not a prospectus and has not been approved by any financial market supervisory authority. Investing in bonds involves risk. Before deciding to purchase the bonds, investors should read the Information Document and the Final Terms in full.
For enquiries regarding the issue, please use the contact details below: finansai@15mingroup.lt