In the second half of the year 2007 one of the leading IT product wholesalers in Eastern Europe and the largest company in Latvia JSC „ELKO Group” issued 65 000 bonds with par value of 100 euro each. The issue closed on 26 November 2007 has attracted 6.5 million euro.

The company has issued bonds with the view to increase current assets, thus enabling further financing of the company development and growth.

As from today, May 28, according to the decision of the Board of Riga Stock Exchange, 65 000 bonds of JSC „ELKO Group” issued last year shall be listed on the Stock Exchange Debt Securities List. As from listing of the bonds on the Stock Exchange Debt Securities List they shall be traded at the Stock Exchange according to the established procedure.

On May 15 this year the Council of the Financial and Capital Market Commission made a decision on registering the bond issue prospectus of JSC „ELKO Group”. This decision is followed by the decision of the Board of Riga Stock Exchange on starting bond trading.

Maturity term of bonds is 29 November 2010, annual interest rate is 10%.

ELKO Group JSC was founded in 1993. ELKO Group JSC is the largest company in Latvia, reaching a turnover of over one billion U.S. dollars last year. The main aspect of the company’s business is wholesale of computer equipment and electronics in the Baltic States, Central Europe and the CIS. The company represents around 70 manufacturers and sells their products to more than 6 300 retailers, local computer manufacturers and systems integrators. ELKO Group offers over 7,000 products made by the world’s best-known suppliers: „Acer”, „Intel”, „Seagate”, „Samsung”, „Sony” and „Western Digital”. At the moment, ELKO Group employs a total of 330 people. The company belongs to several private persons, alongside with investment funds „East Capital” and „Amber Trust”.