KPMG assisted CrossChem to launch a EUR 10 million bond programme with the first issue of bonds amounting to EUR 3 million
Assisted by KPMG Baltics and KPMG Law, 3-year bonds for a total of EUR 3 million were issued by SIA CrossChem, the manufacturer of AdBlue® liquids used to reduce emissions from diesel engines.
The bonds of CrossChem are publicly available on the Nasdaq Baltic First North Market from 10 November 2021. Before entry into public trading, the bonds were purchased by a number of banks, investment funds, insurance companies and private investors.
Proceeds of the issue will be used to set up new AdBlue® plants, expand the network of filling stations, create a ship filling infrastructure and purchase raw materials which enables the company to attract more investors, strengthen its market position and promote its further growth.
KPMG in Latvia supported the bond programme by conducting a due diligence engagement and preparing an information memorandum, and also extended legal support in the issue of bonds.
The investment bank for the bond programme is LHV Bank.