Nasdaq VilniusPress release
Nasdaq Welcomes HISK to the Nasdaq Baltic First North Market
Vilnius/Tallinn/Riga, Nasdaq Baltic Market, September 4, 2025 – Nasdaq (NDAQ)announces that as of September 4, the Nasdaq Vilnius Stock Exchange hasadmitted bonds issued by HISK to trading on the Nasdaq Baltic First Northmarket.
Through a public bond offering, HISK raised EUR 8 million. Each bond has anominal value of EUR 1,000, an annual interest rate of 9%, and interest will bepaid to investors quarterly. The bond maturity is 2 years and 9 months, with aplanned redemption date of April 22, 2028.
The bond issue was available to both retail and institutional investors inLithuania, Latvia, and Estonia, and it marks the first issue of this scale byan infrastructure developmentcompany in Lithuania. Among all investors, 61%were retail and 39% institutional. The bond placement was managed by ArteaBank, with legal counsel provided by the law firm TEGOS.
“We congratulate HISK on the successful bond issuance and listing on the FirstNorth market. We are pleased to see companies like HISK, which implementinfrastructure projects important to the Baltic region, choosing the capitalmarket as one of their financing options. Listing on the First North market notonly helps diversify funding sources but also increases transparency andvisibility in the eyes of investors,” said Gediminas Varnas, President ofNasdaq Vilnius.
“Interest in our bond offering exceeded even the highest expectations:investors submitted orders for the entire EUR 8 million issue. This proves thatcapital market participants in the Baltics are interested in infrastructurecompanies with long-standing experience that operate under modern managementprinciples. We are confident that listing on the First North market will notonly boost investor confidence and liquidity but also positively impact futureproject financing,” said Robert Ziminski, CEO of HISK.
About HISK
HISK is one of the largest general contractors and project management companiesin infrastructure construction in Lithuania. In 2024, the company’s revenuereached EUR 138.9 million—1.8 times higher than the previous year. Compared to2022, revenue growth stands at 3.3 times. In 2024, HISK reported EUR 1 millionin net profit and an EBITDA of EUR 4.8 million.
In recent years, HISK has been entrusted with several strategic infrastructureprojects in Lithuania. Among the latest signed contracts are Rail Balticaprojects: a 12.1 km section of the Šėta-Ramygala railway embankment withstructures, valued at EUR 100.9 million (incl. VAT), and an 8.5 km section ofthe Kaunas-Šveicarija railway embankment with structures (part 1), valued atEUR 118 million (incl. VAT).
About Nasdaq
Nasdaq (NDAQ) is a global technology company serving the capital markets andother industries. Our diverse offering of data, analytics, software andservices enables clients to optimize and execute their business vision withconfidence. To learn more about the company, technology solutions, and careeropportunities, visit us on LinkedIn, on X @Nasdaq, or at nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, NasdaqRiga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:nasdaqbaltic.com
The Nasdaq First North market is designed to help smaller growing companieslooking to attract capital and secure the visibility and credibilitycharacteristic of public companies. For investors, First North provides anopportunity to invest in companies that are at an earlier growth stage.
Media contacts:
Egle JuskaiteNasdaq VilniusMarketing and Communications Manageregle.juskaite@nasdaq.com+370 618 17811https://view.news.eu.nasdaq.com/view?id=b87b3e1ac34be9aa6c8338d9088ac07dd&lang=en&src=omxlink
