AS PN Project, the developer of Preses Nama Kvartāls, will open subscription for the fourth tranche of its bond program on September 8, 2025. The issue offers a 10% annual yield with semi-annual coupon payments and will finance the next phases of construction of the new business district in Riga.

The subscription period runs from September 8 to September 19, 2025. Bonds will mature on June 4, 2027. Planned issue volume of up to EUR 2,5 million. The minimum investment is one bond, issued at EUR 1,030.4109 (nominal EUR 1,000). The issuance is arranged by Artea Bank, with Orion Securities UAB and Redgate Capital AS as sales agents.

So far, the first three tranches have raised EUR 26.1 million, supporting ongoing construction progress. Significant milestones in the project have been reached recently, including completion of the main structure, the topping-out ceremony, the start of façade installation and listing the bonds on the Nasdaq Baltic market.

„Each bond tranche is carefully aligned with the project’s construction phases, ensuring efficient use of resources. We are grateful for the investor trust, which allows us to move forward confidently,” says Povilas Urbonavičius, Manager of Lords LB Special Fund V.

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 1,331 billion euros by the end of December 2024.

For additional information, please contact:

Rasa Bartusevičienė
Investor relations manager
+370 616 34096
rasa.bartuseviciene@lordslb.lt
 
Povilas Urbonavičius
Fund manager
povilas.urbonavicius@lordslb.lt
+370 687 9651
 
Igors Daņilovs
Financial director
igors.danilovs@lordslb.lv
+371 26765354