Latvia’s Eco Baltia preparing for inaugural bond issue

The largest environmental and waste management group in the Baltics AS Eco Baltia plans to execute its first unsecured bond issue in the nearest future. The proceeds from the bond issue will be used for the group’s development projects with the aim of further strengthening its contribution towards promotion of circular economy at the international level, the company said in a statement.

“Attracting financing in the capital market is a successive step in the further development of Eco Baltia. During the last two years we have restructured our business model, reorganized corporate governance structure, confidently moved towards CO2 neutrality in business and implemented large-scale investment projects that strengthened competitiveness and positions in international markets. Our business operations, goals and ambitions for growth extend well beyond the level of Latvia and even the Baltics. That’s why we are prepared to take the next step and attract financing in the capital market, confirming our development prospects and profitability,” emphasizes Māris Simanovičs, chairman of the board at Eco Baltia.