Begins Invego bond trade in Nasdaq Baltic First North Market / Day
The issue of bonds provided by Invego is EUR 8 million. The nominal value of one bond is EUR 1,000 at an annual interest rate of 11 %, which is paid quarterly. The deadline for extinguishing bonds is May 29, 2029.
The inclusion of bonds in trade followed the recent public bond supply in the Baltic States, during which investors’ demand reached approximately EUR 15.8 million, significantly exceeding the basic amount of EUR 4 million – almost four times. 2038 investors from all three Baltic countries participated in the bond offer.
« High investor activity and significant exceeded demand for Invego bonds confirm that the Baltic investors believe in the real estate sector growth potential in the region, » said Nasdaq Baltic Stock Executive Head Kaarel Ots. « More than 2,000 investors and 3.9 times exceeded, reflect that investors have evaluated Invego bonds as very attractive. This is a delightful trend in the capital market that more and more companies use public bond emissions as a tool to achieve their growth goals. »
« We are very pleased with the results of the bond emission, which proves investors’ confidence in our business model and the potential of the Latvian real estate market. The funds obtained will allow us to further develop projects in Latvia and strengthen positions in the housing segment in Riga. And we are grateful to existing customers and employees who invested in our bonds, « says Kristjan-Thor Vähi, founder and CEO of the Invego Group.
The Invego Group is a modern real estate developer that operates in three countries and specializes in the creation of large residential areas and business quarters with an integrated concept for future urban environment. With 10+ years of experience, the Invego group includes more than 60 companies in Estonia, Latvia and Portugal. Approximately 30 different development projects are implemented within the group. The Invego Group has developed more than 150,000 square meters of residential and 50,000 square meters of commercial area, and another 450,000 square meters of residential and commercial real estate is currently in development. More: https://invego.lv/investors
Nasdaq, Inc. is a global leader in securities trade, stock exchange technology, quotation, information and public companies worldwide. As the world’s first electronic securities trading platform, NASDAQ technologies are used in more than 85 markets, exceeding the scale of 50 countries. Approximately every tenth of a securities transaction is processed in the world using NASDAQ solutions. About 4,000 companies with a total market value of more than 15 trillion are quoted on Nasdaq. More: nasdaqbaltic.com
