Tallinn/Riga/Vilnius, Nasdaq Baltic Market, March 23, 2026 – Nasdaq (NDAQ) announces that bonds issued by Apollo Group, the biggest entertainment group in the Baltics, have been listed on the Nasdaq Baltic Bond List by Nasdaq Tallinn.
Apollo Group’s bond listing follows the company’s public bond offering in Estonia, Latvia, and Lithuania. In terms of offering volume, it was the largest initial public corporate bond offer that has been listed on the Nasdaq Baltic Stock Exchanges. Apollo Group’s bond issue totals €50 million, with each bond carrying a nominal value of €500. The bonds offer a fixed annual coupon rate of 7%, paid quarterly, and will mature on March 20, 2031.
With €51 million in total demand, the offering was slightly oversubscribed, and 4,468 investors – both institutional and retail – across the Baltics participated in the offering.
“This transaction highlights how accessible and attractive the Baltic bond market has become for both companies and investors. The scale of Apollo Group’s offering underlines the growing importance of public bond markets as a financing channel in the Baltics. Nasdaq Baltic is proud to support issuers in reaching a broad investor base through transparent and well‑functioning markets,” said Kaarel Ots, Head of Nasdaq Baltic Stock Exchanges.
“With the capital raised through the stock exchange, Apollo Group aims to nearly double the number of its locations, open more than one hundred new restaurants across the Baltics and Finland, and strengthen the company’s financial independence,” said Toomas Tiivel, CEO of Apollo Group.
Tiivel added that they were very pleased with the subscription results – the bonds were subscribed in a higher amount than expected. “A total of 4,468 investors participated in the offering, with institutional investors accounting for 59.8% of the total issue volume. This demonstrates strong confidence from both retail and institutional investors in the company’s growth strategy and its so‑called eatertainment business model, which combines entertainment and dining,” commented Tiivel.
About Apollo Group
Apollo Group’s vision is to be Estonia’s leading and most modern entertainment group as well as a key player in the Baltic states and Finland. Founded in 2000, Apollo’s companies include restaurants for every taste (KFC, Vapiano, Blender, MySushi, LIDO, IceCafe, Delano, CanCan), top-quality cinemas across the Baltics (Apollo Cinema), and modern bookstores (Apollo Shop).
About Nasdaq Baltic
Nasdaq Baltic combines the offerings of Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius stock exchanges, and Nasdaq CSD. Learn more at nasdaqbaltic.com.
About Nasdaq
Nasdaq (NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at nasdaq.com.
Media Contact:
Ott Raidla
Marketing and Communications Manager
Nasdaq Tallinn / Nasdaq Baltic Market
ott.raidla@nasdaq.com
+372 5552 4824
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