Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 30, 2025 – Nasdaq (NDAQ) announces that secured bonds issued by Invego Latvia OÜ have been admitted to trading on the Nasdaq Baltic First North Market as of today.
The size of Invego Latvia’s issue of secured bonds is 8 million. Each bond has a nominal value of EUR 1,000. They have a fixed annual coupon rate of 11% with quarterly payments.
The listing of the Invego Latvia bonds follows the public offering by the company to Estonian, Latvian, and Lithuanian investors. Based on demand for the bonds of EUR 15.8 million, the base amount of the offering – EUR 4 million – was almost 4 times oversubscribed. A total of 2,038 investors subscribed to the bonds.
“An almost fourfold oversubscription of the bond offering demonstrates two key points. Firstly, and most importantly, it signifies the immense confidence that investors have in Invego’s team and brand. Secondly, it highlights the fact that companies raising capital publicly for the first time can achieve outstanding results if they successfully engage Baltic investors with their growth story," said Kaarel Ots, the Head of Nasdaq Baltic Stock Exchanges and the CEO of Nasdaq Tallinn.
"We are extremely satisfied with the results of the offering, which show investors' strong belief in our business model and the potential of the Latvian real estate market. The raised capital allows us to further support the development of our Latvian projects and strengthen our position in Riga's residential real estate market. The strong participation of Latvian investors was particularly remarkable, confirming the authenticity of our strategy. We are pleased to welcome new investors as participants in Invego's growth journey and are grateful to both existing customers and employees who invested in the bonds," said Kristjan-Thor Vähi, founder and CEO of Invego Group.
The law firm TGS Baltic advised the company in the public offering and listing process and serves as the certified adviser for Invego Latvia on the First North market.
Invego group is a new-generation real estate developer operating in three countries, specializing in creating large-scale residential areas and business quarters with an integrated concept that creates 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. Invego group has developed more than 150,000 m² and has an additional 450,000 m² of residential and commercial real estate in development.
Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.
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
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Media Contacts:
Ott Raidla
Nasdaq Tallinn / Nasdaq Baltic Market
Marketing and Communications Manager
ott.raidla@nasdaq.com
+372 5552 4824