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The rapidly expanding global spirits company, Amber Beverage Group Holding, has listed its bonds on the Nasdaq Baltic Bond List as of the 16th of October.
The size of the Amber Beverage Group Holding bond issue is EUR 30 million. The nominal value of bonds is 1,000 EUR with an annual coupon rate of 7% + 3M EURIBOR with quarterly payments. The bonds mature on March 31, 2027. The listing of Amber Beverage Group Holding bonds on Nasdaq Riga follows the listing at the Frankfurt Stock Exchange and is funded via a private offer to investors representing various European countries.
“Becoming a listed company in a regulated market is a significant milestone for the company’s strategic development. This move strengthens the global position of Amber Beverage Group and enhances our ability to finance large-scale projects. The first step in financing such projects is the construction of Amber Beverage Group’s high-bay warehouse in the territory of the port of Riga. Our investors appreciate our decision to embrace innovative technologies and maximize automation in operations to enhance efficiency and improve cost effectiveness, positioning the company as the industry leader. The commitment to develop a fully automated warehouse that will become our logistics hub for global operations demonstrates our dedication to long-term growth and profitability, fostering confidence and trust among our clients, business partners, and investor community,” states Jekaterina Stuģe, the CEO of Amber Beverage Group.
"We welcome Amber Beverage Group to the Nasdaq Baltic Bond List. Another Latvian company has joined the capital markets to continue developing and strengthening its position on a global scale. We are proud to see Amber Beverage Group and other companies that have raised capital at the Nasdaq Riga stock exchange," says Liene Dubava, Chair of the Management Board of Nasdaq Riga.
Amber Beverage Group Holding is a rapidly growing global spirits company whose products are found in millions of households and venues across the globe. ABG's core brands are Rooster Rojo® Tequila, KAH® Tequila, The Irishman® Whiskey, Writers’ Tears® Whiskey, Moskovskaya® Vodka, Riga Black Balsam®, Cross Keys Gin®, and Cosmopolitan Diva®. ABG produces, bottles, markets, distributes, exports, and retails a comprehensive range of beverages. The company has grown from its original core production business established in 1900 to a global player in the spirits industry that unites more than 1,600 employees in the Baltic States, its historical home, as well as in Austria, Australia, Germany, Ireland, Mexico, and the United Kingdom.