Nasdaq TallinnPress release
Eternia Solar €4.4 Million Bond Issue Listed on the Nasdaq Baltic First NorthMarket
Vilnius/Riga/Tallinn, Nasdaq Baltic Market, 4 February 2026 – Nasdaq (NDAQ)announces that the bonds issued by Eternia Solar have been admitted to tradingon the Nasdaq Baltic First North Market by Nasdaq Vilnius. The company is partof the renewable energy project group Sun Investment Group (SIG).
Through a public bond offering, Eternia Solar raised €4.4 million. Each bondhas a nominal value of EUR 1,000 and an annual interest rate of 10%, paidsemi-annually. The bond maturity is 1 year, with a redemption date of 23December 2026.
The company will use the raised funds to finance the second construction phaseof a 120 MW solar power plant project in Poland. The bonds will be redeemedusing already secured bank financing.
“In 2025, we saw strong use of bond issuances to finance sustainable energydevelopment, and we are pleased to see this trend continuing this year.Investor interest demonstrates confidence both in the project and in thecapital market instruments that support the implementation of sustainableenergy initiatives in the region,” says Gediminas Varnas, President of NasdaqVilnius.
“We are pleased with the strong investor interest during this placement, wheredemand exceeded supply. The 120 MW solar power plant portfolio currently underconstruction in Poland has already secured long-term financing frominternational institutional investors, and the interim bond issue will ensuresmooth and efficient progress of construction works. Our long-standingexperience in building solar parks in Lithuania, Poland, and Italy, combinedwith our successful history of issuing and redeeming bonds, the short maturityof this issue, and institutional investor support — all these factorscontribute to the project’s attractiveness to investors,” says DeividasVarabauskas, CEO of SIG.
The bonds were distributed by Orion Securities, and legal counsel was providedby TEGOS.
About Eternia Solar
Operating for more than 10 years, Eternia Solar is one of the leading providersof solar park construction and maintenance services in the Baltic States andPoland, and is part of the international solar development group Sun InvestmentGroup.
The company provides end-to-end solar engineering, procurement, andconstruction (EPC) services — from design and installation to operation andtechnical maintenance. It offers equipment from top-tier manufacturers and awide range of operation and maintenance solutions ensuring long-termperformance of solar power plants. The company is currently implementing morethan 90 projects (270 MW) across various procurement and construction phases.
Funds raised during the first tranche of the bond issue will be allocated tofinancing the construction of the 120 MW solar power plant portfolio in Poland.International investors have already assessed and approved the long-termproject financing, which will be provided after the construction works arecompleted and used to redeem the bond issue within 12 months.
About Nasdaq
Nasdaq (NDAQ) is a global technology company serving the capital markets andother industries. Our diverse offering of data, analytics, software andservices enables clients to optimize and execute their business vision withconfidence. To learn more about the company, technology solutions, and careeropportunities, visit us on LinkedIn, on X @Nasdaq, or at nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, NasdaqRiga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:nasdaqbaltic.com
Media Contacts:Egle JuskaiteNasdaq VilniusMarketing and Communications Manageregle.juskaite@nasdaq.com+370 618 17811https://view.news.eu.nasdaq.com/view?id=bae119b60da939c68258358381dc72bec&lang=en&src=omxlink