Information for investors
AS Grenardi Group issues subordinated bonds with a 10% annual interest rate
About the offering
The public offering of AS Grenardi Group subordinated bonds will take place from 13 May to 26 May 2026. The bonds are available to both retail and institutional investors in Latvia, Estonia, and Lithuania. The planned issue size is up to EUR 7 million, with a nominal value of EUR 100 per bond. The primary purpose of the issue is to partially refinance the existing first tranche senior secured bonds through the exchange offering, and to refinance the existing subordinated bonds (ISIN LV0000870103).
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.
Any investment decision should be made based on the Information Document.
Information Document
Key terms
Annual interest rate – 10%
Interest payments – monthly
Maturity term – 4 years
Nominal value of one bond – EUR 100
Minimum investment amount – EUR 100
Issue size – up to EUR 7 million
About the bond exchange
Holders of the existing public bonds of AS Grenardi Group (ISIN LV0000860179) are invited to exchange their existing bonds for the new subordinated bonds.
How to exchange and subscribe for bonds through your bank?
The bonds are available to investors across the Baltics. As the subscription process, bond exchange procedure and required documentation may vary between banks, investors are encouraged to contact their bank in advance.
Issue arranger
The bond issue is arranged by Signet Bank, while the legal adviser is Eversheds Sutherland Bitāns.
About the 2024 Bond Issuance
The approved base prospectus and final terms of the public offering of bonds issued in 2024 are available here:
Base Prospectus
Terms ISIN LV0000860195
Terms ISIN LV0000860179
Presentation
Information on the loyalty programme for bonds issued in 2024 is available here:
Loyalty Programme
About AS Grenardi Group
AS Grenardi Group is one of the fastest-growing players in the jewelry retail industry, with the largest store network in the Baltics.
As of March 31, 2026, AS Grenardi Group operated 90 stores — including 74 GIVEN, 7 GRENARDI, and 9 GOLDLIGHT brand stores.
AS Grenardi Group offers jewelry at both affordable prices and in the luxury segment, promoting beauty, love, creativity, and sustainability in everyone's life.
25+
Years of excellence
90
Across Baltics
30.5 million
2025 revenue in EUR
>120 thousand
Loyal customers
>100
Supply partners
+27%
FY25 to FY24 revenue growth
Legal disclaimer
This is a marketing communication and it does not constitute investment advice or an offer. The information provided herein contains statements on the public offering of notes of AS Grenardi Group. Every investment decision must be based on the information document prepared and published in accordance with the applicable laws and regulations of Latvia, Lithuania, and Estonia governing the preparation and publication of information documents for public offerings. The information document does not constitute a prospectus within the meaning of Prospectus Regulation and has not been approved by any competent authority. The information document is available on AS Grenardi Group website (https://grenardi.group).