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Nasdaq Europe Lists First Defense Bond with Lithuanian State-Backed Issuer
Nasdaq Europe Lists First Defense Bond with Lithuanian State-Backed Issuer
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BTCCSquare news:
Valstybės Investicinis Kapitalas (VIK), a Lithuanian state-owned entity, has become the inaugural issuer on Nasdaq's newly established European defense bond market. The €25 million offering, part of a broader €400 million program, carries a 3.119% annual coupon and four-year maturity. Lithuania's sovereign guarantee underpins the issuance.
The listing aligns with the EU Commission's WHITE Paper on European Defence, which highlights financing challenges for 44% of defense SMEs. Nasdaq's NDRI framework provides transparency standards for defense-related bonds, signaling institutional recognition of the sector's growth potential. Proceeds will partially fund a Rheinmetall munitions factory in Lithuania.
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