Everaus Kinnisvara AS hereby announces its first time bond public offering. The subscription period for the bonds begins on May 14, 2025 at 10:00 and ends on May 27, 2025 at 15:30. During the issue time, Baltic investors will be able to purchase the Everaus Kinnisvara AS bonds with an annual interest rate of 11%. The bonds will also be listed on the First North Baltic bond list.
Main terms of the offering
The bonds are being offered publicly to institutional and retail investors in Estonia, Latvia and Lithuania. The total value of the offering is 3 million euros. In case of oversubscription, the issue volume may be increased to up to 5 million euros. The nominal value of one bond is 1000 euros and the maturity date of the bonds is 04.06.2028. The fixed interest rate of the bonds is 11% per annum and interest payments are quarterly.
The subscription period for the bonds begins on May 14, 2025 at 10:00 and ends on May 27, 2025 at 15:30. Banks' closing times for accepting subscription orders may vary.
More detailed terms and conditions of the bond offering are available on the company's website at https://everaus.ee/investorile/ and on the NASDAQ Tallinn website.
Indicative timetable of the Offering
Start of subscription period 14 May 2025 at 10:00
End of subscription period 27 May 2025 at 15:30
Announcement of results 28 May 2025
Issue date 4 June 2025
First trading date 5 June 2025
Maturity date 4 June 2028
Informational seminars
Seminar introducing Everaus Kinnisvara and its offering, in collaboration with Äripäev, will take place on May 20 at 17:30 in Peetri, Pihlaka Farm. The event will also be broadcasted live online. Register for the seminar HERE.
An English-language information seminar will be broadcast live in collaboration with Redgate Capital AS on May 21 – register for the webinar HERE.
About the company
Everaus Kinnisvara is an ambitious real estate developer, celebrating its 10th year of operation this year. Everaus Kinnisvara's journey as a developer began in 2015 with private houses development, but today the developer's portfolio includes developments of apartment buildings, townhouses, semi-detached houses as well as office buildings, stock-offices and mini-warehouses. The company operates in Estonia, but is also expanding to Latvia this year. Everaus Kinnisvara's development portfolio includes 600+ units of residential space and 80,000 m2 of commercial space.
Management Board Comment
“The strength of Everaus Kinnisvara lies in its diverse development portfolio, expert and strategic management, and strong market position. We develop residential projects for sale. Commercial projects we develop for rental purposes as cash flow projects and retain ownership,” said Janar Muttik, founder and CEO of Everaus Kinnisvara.
“We will use the funds raised through the bond issue to finance real estate development projects that have reached the construction stage. The properties have been acquired for the respective projects and the construction of the buildings has begun or is about to begin,” added Muttik.
Additional information:
Janika Roots, Everaus Kinnisvara AS, Head of Finance
janika@everaus.ee
+372 5666 8049
www.everaus.ee
Important information: This announcement is not an offer of security paper or an invitation to subscribe for or acquire the bonds. Details of the subscription for the bonds, the terms of the offer and related documents are available on the company's website www.everaus.ee and on the NASDAQ Baltic website www.nasdaqbaltic.com. The listing of the bond on the Nasdaq Tallinn First North multilateral trading system does not constitute as recommendation to invest in the bonds.