The Government of the Republic of Lithuania has approved a borrowing limit for UAB Valstybės investicinis kapitalas for 2026 amounting to EUR 153 million. This amount may be raised by the Company through capital markets or directly from financial institutions to finance planned projects.
The Company is classified as a central government entity, and its borrowing obligations contribute to the national debt. In order to ensure sustainable management of public debt, borrowing limits are approved annually for entities within the central government sector.
UAB Valstybės investicinis kapitalas is the first company in Europe whose non-equity debt securities comply with the Nasdaq capital market defense bond framework. Under this model, the Company successfully issued its first public bond offering of EUR 25 million last year, as part of a EUR 400 million bond program guaranteed by the Republic of Lithuania. The Company has committed to invest up to EUR 71 million in the construction of the Rheinmetall manufacturing facility in Lithuania.
During this year, the Company plans to carry out capital investments that will contribute to the expansion of the German artillery ammunition manufacturer Rheinmetall in Lithuania. It is expected that the 155 mm artillery ammunition plant will commence operations at the end of 2026 following the planned capital investments.
In the future, by raising funds under the bond program, the Company intends to contribute to the financing of other large-scale defense industry investment projects. The Company is also prepared to issue defense bonds with a state guarantee and to contribute to the development of a defense industry holding structure in Lithuania.