Tallinn/Riga/Vilnius, Nasdaq Baltic Market, March 30, 2026 – Nasdaq (NDAQ) announces that bonds issued by Invego Group, an Estonian real estate developer, were admitted to trading on the Nasdaq Baltic First North Market by Nasdaq Tallinn.
The total size of Invego Group’s bond issue is EUR 8 million. Each bond carries a nominal value of EUR 1,000 and a fixed annual coupon rate of 9.5%, paid quarterly.
The listing of Invego Group’s bonds follows the public bond offering across the three Baltic countries. The total demand from investors was EUR 19.85 million, which means that the base volume of the issue – EUR 4 million – was oversubscribed by almost 5 times. In total, 1,934 investors participated in the offering. Estonian investors subscribed for EUR 12 million (61% of the total), Latvian investors for EUR 5.4 million (27%), and Lithuanian investors for EUR 2.4 million (12%).
“Less than a year after their first listing, Invego has demonstrated that consistent performance resonates strongly with investors. The demand for their latest bond issue shows that investors recognize both Invego’s ambition and their ability to deliver on it. We’re pleased to see them continue their growth journey on First North,” said Kaarel Ots, CEO of Nasdaq Tallinn and Head of Nasdaq Baltic Stock Exchanges.
"The record-breaking five-fold oversubscription of the offering is, above all, strong proof of the reputation and trust Invego has earned. A year ago, we decided to open the opportunity to invest in Invego's future to all investors across the Baltics, and we haven't regretted that decision for a moment," said Kristjan-Thor Vähi, CEO of Invego, emphasizing that the raised capital will provide a boost to all projects, especially the brand-new residential districts: Verve in Estonia, and Nordale and Tornakalna Terases in Latvia.
The bond issue was organized by LHV Pank. The law firm TEGOS advised the company throughout the public offering and listing process and serves as Invego Group’s certified adviser on the First North market.
Invego Group is a new-generation real estate developer operating in three countries, specializing in developing large-scale residential areas and business quarters through integrated concepts that shape future urban space. With more than 10 years of operational history, the Invego Group includes over 60 companies in Estonia, Latvia, and Portugal, with 30 different development projects currently in progress.
Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and gain the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies at an earlier stage of their growth.
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com
Media Contact:
Ott Raidla
Marketing and Communications Manager
Nasdaq Tallinn / Nasdaq Baltic Market
ott.raidla@nasdaq.com
+372 5552 4824