One of the largest grain exporters in the Baltics, LATRAPS has successfully raised €8 million during its public bond offering with a fixed interest rate of 7.5%. The total demand for the bonds exceeded initial expectations, reaching more than €12 million, surpassing the initial bond offering target by 50%. 

 

"The results of our first public bond offering reflect the community's interest in participating in the development of the agricultural sector and in strengthening Latvia's name on the global economic map, for which I am grateful to every investor. From today, not only the 1220 members of LATRAPS are involved in this important process, but also more than 300 investors. I am pleased that the goal of this issuance is ambitious and tangible for all of us together – to build the largest pea protein isolate factory in Northern Europe, ASNS Ingredient, where construction is planned to start this month."

Roberts Strīpnieks, Chairman of the Management Board at LATRAPS.

 

Basic conditions of the bond offer

 

Key investment considerations

	Market leader	LATRAPS is the largest agricultural cooperative in the Baltics, with a proven track record as a reliable partner for more than 1200 members
	Consistent financial performance	The profit and equity growth indicators demonstrate the cooperative’s financial stability and strong capital structure, along with a proven track record of managing substantial financial obligations
	Robust corporate governance	A well-developed corporate governance framework, where  key decisions are made through  meetings of the members with vast industry experience, which ensures long-run stability of the cooperative
	Industry innovator	Strategically investing in innovation and expanding its areas of operation, creating higher value-added products and building partnerships with leaders in the European food industry.

 

LATRAPS results

 

 

 

Frequently asked questions 

 

 

 

 

Documents

 

 

                                           

 

 

Cooperation partners

                                    

 

The content of this website is an advertisement which contains general forward-looking statements on the Public Offering of bonds of LATRAPS. Each investment decision must be made on the basis of an information document prepared in accordance with the exception from the obligation to prepare a prospectus in accordance with Article 161 of the Financial Instruments Market Law. The Information document is published on the LATRAPS website (https://www.latraps.lv/). Before investing, carefully read the information document to learn about the potential risks and benefits.

 

 

Contacts:

 

   Gundars Ruža

  LATRAPS CFO

   e-mail: investors@latraps.lv

   

 

 

   LATRAPS Investor Relations

   e-mail: investors@latraps.lv