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The total amount of subordinated bonds guaranteed by commercial properties amounted to € 6.215 million. The face value of a bond is 1,000 EUR. The annual coupon is 7% with a quarterly cost. The maturity of the bonds is November 10, 2022.
UPP Olaines, which has warehouses equipped with refrigeration equipment, is located at Olaine Logistics Park. They are the largest frozen food storage warehouse in Latvia.
"The owners of" UPP Olaines "on United Partners started their bonds in the First North market a year ago and we are pleased to see that the company has started to list bonds on the regulated market." he declared. Harrel Otss, chairman of the board, has begun to include bonds after the distribution of his private offer to institutional and professional Baltic investors.
United Partners is an independent investment bank established in 2003. The company's head office is located in Tallinn. Its main areas of activity are United Partners Advisory, United Partners Investments, United Partners Asset Management and real estate development ( United Partners Property).
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