Why invest in bonds?
Well-established, growing company
Total sales €43.8 m
EBITDA €14.1 m
EBT €4.8m
* Pro-forma, 2023
Future Tech
Leader in rental process digitalization and online sales
Fully automatized company's internal processes
Market Leaders
Present in 5 countries
#3 in Baltics
#1 in Latvia
Niche specialists in Sweden and Finland
Interest worldwide
Investors from 13 countries
Around 1500 investors have already purchased company's bonds
Nominal value
100 EUR
Interest
10%
Interest paid
Quarterly
Maturity
September 21, 2026
Timeline
March 4, 2024
Start of the subscription
period
March 18, 2024
End of subscription period
March 19, 2024
Results announcement
March 21, 2024
Issue of the bonds
September 21, 2026
Bond maturity date
How to subscribe
Open an investment account at a Baltic bank or brokerage company
Search for bonds or corporate actions in the internet bank
Instructions for Latvian investors
Instructions for Estonian investors
Find the 2024/2026 Storent bond issue, subscribe for the desired amount.
Don't leave the subscription to the last moment! In case of oversubscription, early submitted orders will be satisfied first.
The Storent bond issue is open to any institutional or private investors with a securities account registered at a Baltic commercial bank or a brokerage company.
Annual interest rate of 2024/2026 Storent bonds is 10% paid quarterly. It means that for every bond purchased the investor will receive interest payment of EUR 10 for each full year on top of return of principal investment.
We have a data-based and ambitious business expansion strategy formed by our professional team, that we will carry out. The proceeds from the issue of the Notes will be used for general corporate purposes and any possible future acquisitions.
We diligently capitalize on every opportunity to foster the growth of our business. In 2023, during the public offering of its bonds Storent Holdings attracted EUR 15 million. This year we have found new opportunities to grow and intend to use additional bonds to do so.
For Latvian residents – tax is not withheld if the individual is keeping securities in his investments account. Otherwise, there will be personal income tax withheld in the amount of 20%. For individuals who are residents of other countries and from legal entities tax is not withheld.
Investors' rights protection comes in three forms:
a) financial covenants such as minimum equity ratio of 35% and maximum Net debt/EBITDA ratio of 2.5 ensure that Storent's financial risk is relatively low;
b) guarantee from the group's main operating company Storent SIA;
c) bonds will be listed on a regulated market segment (Nasdaq Baltic Bond List) which is supervised by the Bank of Latvia.
Frequently asked questions
Base Prospectus and Supplement
Base Prospectus and Supplement.pdf
ISIN
Number of offered securities
Nominal
Issue value
Price
Listing date
List/segment
Maturity date
Coupon rate (%)
Next coupon payment date
LV0000850345
70,000
100 EUR
7,000,000 EUR
100% of bond value
25.03.2024
Baltic Bond List
21.09.2026
10%
21.06.2024
By investing in this bond issue, you will invest in innovative company with good place in market. We welcome you to join un in this journey and earn money while others build.
If you have questions, contact us:
Final Terms
Final Terms Storent Holdings SIA Second Series.pdf
Summary (LV)
Issue Specific Summary LV.pdf