The planned issue volume of the ninth tranche is up to 3 million EUR, with a bond price at 1,028.0542 EUR (nominal value of 1,000 EUR). The subscription period runs from February 9 to February 20, 2026, while the bond maturity date is set for June 4, 2027. The issuance is arranged by Artea Bank, with Orion Securities UAB and Redgate Capital AS acting as sales agents.
The bonds are secured by a first-ranking mortgage of approximately 49.6 million EUR over the assets of the Preses Nama Kvartāls project. According to the latest independent valuation in October 2025, the value of the pledged property has risen to 75.1 million EUR.
As Preses Nama Kvartāls is the only Class A business centre planned to be opened in Riga this year, it is experiencing growing interest from potential tenants. New agreements are being signed regularly, expanding the tenant portfolio with new companies. Recent signatories include lease agreements with Vendon, VILGERTS, and Berlin-Chemie/Menarini Baltic.
An informative online webinar in English and Lithuanian languages regarding the bond program and overall project progress is scheduled for February 12. The webinar will be hosted by representatives from AS PN Project and Artea Bank. Webinar access link to English language webinar: https://events.teams.microsoft.com/event/9416b528-114b-4801-9d1a-37e7ac5c1dea@928067bd-1ab0-4f68-8e7d-a418dedb253d
Webinar access link to Lithuanian language webinar: https://events.teams.microsoft.com/event/eb046f35-3ade-4d05-805b-862d0f15d86e@928067bd-1ab0-4f68-8e7d-a418dedb253d
About Preses Nama Kvartāls
The development of Preses Nama Kvartāls is carried out in several construction phases. The first phase includes A-class office building. The concept of further development of landplot includes a medical or educational center, hotel or residential building, an office building and other facilities. Renovation works of the existing Preses nams building are also planned. The project developer is Lords LB Asset Management, whose total assets under management reached 1,338 billion euros by the end of June 2025.