Secured bonds issued by strategic infrastructure contractor KRS
KRS, a strategic infrastructure contractor, is offering EUR 6 million of secured bonds with a 2.5-year maturity. This is the first tranche of a EUR 12 million bond programme. The proceeds will be used to finance the company’s expansion and acquisitions, and to refinance existing financial liabilities.
Established in 1950, KRS has extensive experience in specialised infrastructure construction and follows a design-and-build model, handling both project design and construction. Its completed and ongoing projects include the first phase of the Vilnius Airport terminal refurbishment, the multi-storey car park at Kaunas Airport, a military equipment maintenance facility in Marijampolė, and projects at Santaros Clinics.
The bonds are offered in Lithuania, Latvia and Estonia, KRS plans to have the bonds admitted to trading on the Nasdaq First North alternative market.
The final annual interest rate — 8.75%, 9.00% or 9.25% — will be determined by auction.
| First tranche size | Programme size | Bond maturity | Coupon yield | Coupon payments | Minimal investment sum | Distribution dates |
| EUR 6 million | EUR 12 million | 2.5 years | 8.75%, 9.00% or 9.25%, to be determined by auction | Semi-annual | EUR 1,000 | 14–30 September 2026 |
Investment request
Investment highlights
- 109 active contracts with 56 different clients.
- Projects spanning transport, defence, healthcare and other infrastructure sectors.
- Ongoing projects include the administrative building for the Klaipėda State Seaport Authority’s control centre and the Advanced Therapy Centre at Santaros Clinics.
- Revenue reached EUR 69.2 million in 2025, up 128% compared with 2024.
- Revenue totalled EUR 54 million in the first half of 2026, up 149% year on year.
- Net profit for 2025 was EUR 2.1 million.
The bonds are secured by a first-ranking pledge over inventory and receivables and have a maturity of 2.5 years.
How to invest?
To invest, leave your contact details in this form and an Orion Securities investment consultant will get in touch with you. You can also invest via the self-service platform or send an email to obligacijos@orion.lt.
If you already hold a securities account with another brokerage firm or bank, you can also submit your investment order through them.
Related documents:
Investor Presentation | Final Terms | Prospectus Summary |
Base Prospectus
Orion Securities recommends consulting with your financial advisor and evaluate all the risks associated with the financial instrument and/or other circumstances that are significant to you before making an investment decision.
Orion Securities receives a commission for distributing these securities.
