AS Grenardi Group invites investors to subscribe to subordinated bonds with a fixed annual interest rate of 10% from 13 May to 26 May 2026. The bonds are offered to both retail and institutional investors across Latvia, Estonia, and Lithuania. The planned issue size is up to EUR 7 million, with each bond having a nominal value of EUR 100.

As part of the offering, holders of the Company’s first tranche senior secured bonds (ISIN LV0000860179), issued under the bond programme, are also offered the opportunity to exchange their current holdings for the new subordinated bonds. The exchange is carried out in accordance with the terms described in the Information Document.

The primary purpose of the issue is to partially refinance the existing first tranche senior secured bonds by way of the exchange offering, and to refinance the existing subordinated bonds (ISIN LV0000870103). The bonds have a maturity of 4 years with interest paid monthly. AS Grenardi Group intends to apply for the listing of the bonds on the Nasdaq Baltic First North market within 12 months following the issue date.

“This bond issue marks the next stage of the Group’s growth, securing the successful refinancing of our existing bonds and the focused execution of our long-term strategy. We are actively capturing attractive growth opportunities across our existing markets and internationally, while accelerating our investments in digitalisation, operational excellence, and AI-driven solutions. The longstanding trust of our investors has been a key driver of the Group’s growth story, and we are confident in carrying it forward into this next chapter,” said Ainārs Spriņģis, Chairman of the Management Board of AS Grenardi Group.

The subscription and exchange period runs from 13 May to 26 May 2026.

Signet Bank is the arranger of the bond issue, while Eversheds Sutherland Bitāns is the legal adviser.