All small investors receive bonds / day

At the beginning of May Riga Water became the first municipal company in Latvia to issue bonds and attracted the planned € 20 million with a fixed 4% annual interest rate for a five -year term. Investors’ demand for them reached EUR 45.5 million.

When it comes to balance between small investors and institutional investors, investment manager groups Invl Family Office According to Andreja Martinova, the company has managed to find sufficient balance at both the investor base and the interest rate. Because it is important that you also want to attract private investors in the emission, Riga Water It was necessary to find a balance to interest both institutional, private investors and not too expensive from the point of view of the company.

« At the time of deciding on the coupon rate, both institutional investors’ expectations and the desire to make bonds attractive as an alternative to the offer of savings bonds. The challenge was to attract the widest possible range of investors as this was our first bond release – we wanted to create interest not only from banks, Riga Water