Vilnius/Tallinn/Riga, Nasdaq Baltic Market, February 20, 2026 – Nasdaq (NDAQ) announces that the bonds issued by Capitalica European Office Fund have been admitted to trading on the Nasdaq Baltic First North market by Nasdaq Vilnius.
The total amount of bonds distributed in the Baltic States is EUR 4 million. Each bond has a nominal value of EUR 1,000 and carries an annual interest rate of 8%, paid semi-annually. The bond redemption date is 12 August 2028.
Capitalica European Office Fund, owned by the SBA investment management company Capitalica Asset Management, develops commercial real estate projects in the Baltic region.The purpose of the bond issue is to raise capital for the development of the C & D of Verde business centres in Riga. These two new A+ class buildings will expand the Verde complex by an additional 22,500 sq. m of modern office space and create around 2,500 new jobs, significantly contributing to the growth of Riga’s modern office infrastructure.
“We are pleased to see how the Baltic capital market is consistently becoming a reliable financing channel for ambitious and sustainable development projects. First North provides companies with quicker access to investors, and the bond issue by Capitalica European Office Fund is a great example of how capital is directed to high value-added projects in the region,” says Gediminas Varnas, President of Nasdaq Vilnius.
“This issuance confirms that Capitalica Asset Management’s discipline and clear investment strategy are working. For us, this is important not only as a financing stage but also as proof of investor confidence – in the capital market, the most important thing is to consistently deliver what we promise. The development of Verde is a natural continuation of an already operating complex – together with our investors, we are creating the most distinctive and recognisable office projects in the Baltic States,” says Andrius Barštys, CEO of Capitalica Asset Management.
The bond distributors are Artea Bank and Signet Bank (co-distributor), while the certified adviser is the law firm Ellex Valiūnas, and the trustee is Audifina.
Verde project – a €150 million investment in Riga
Currently, the green Verde office complex operates buildings A and B, offering a total leasable area of 30,000 sq. m. Both buildings have reached full occupancy and are already home to several dozen international and local Latvian companies, such as Swisscom, Worldline Latvia, and others. Buildings C and D will further expand the Verde complex with an additional 22,500 sq. m of A+ class office space, accommodating around 2,500 new workplaces. The third phase of the Verde green office complex (building C) is planned to be completed in Q2 2027, while construction of the fourth phase (building D) is set to begin next year and finish in the second half of 2028.
Once all development phases are completed, Verde will offer more than 50,000 sq. m of Aclass leasable office space in central Riga, accommodating 5,500 employees, with total investment in the entire project reaching approximately €150 million.‑class leasable office space in central Riga, accommodating 5,500 employees, with total investment in the entire project reaching approximately €150 million.
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Media Contacts:
Eglė Juškaitė
Nasdaq Vilnius
Marketing and Communications
egle.juskaite@nasdaq.com
+370 618 17811