Tallinn/Riga/Vilnius, Nasdaq Baltic Market, June 5, 2025 – Nasdaq (NDAQ) announces that bonds issued by Everaus Kinnisvara AS have been admitted to trading on the Nasdaq Baltic First North Market as of today.
The size of Everaus Kinnisvara’s bond issue is 5 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 Everaus Kinnisvara’s bonds follows the public offering by the company to Estonian, Latvian, and Lithuanian investors. Based on demand for the bonds of EUR 9.5 million, the base amount of the offering – EUR 3 million – was more than three times oversubscribed. A total of 1,601 investors subscribed to the bonds.
“Everaus' listing is already the second listing of an Estonian real estate developer in a week's time. This highlights the trust and confidence that Baltic investors have in these companies. The growing interest in the real estate sector underscores the strength and potential of our market, and we are proud to be a part of this exciting journey,” said Kaarel Ots, Head of Nasdaq Baltic Stock Exchanges and CEO of Nasdaq Tallinn.
"We chose the First North market because it is a suitable platform for a growing company that wants to test the potential of the public market and prepare for joining the main list,” said Janar Muttik, Founder and CEO of Everaus Kinnisvara.
Muttik added that the public bond issue on the First North market gave Everaus the opportunity to raise capital flexibly and reliably from investors who value their long-term development strategy and well-thought-out portfolio structure.
“The issue brought the story of Everaus Kinnisvara to a wider investor community, and we will direct the raised capital to additional financing of development projects that have reached the construction stage. In today's market situation, those who can combine well-thought-out timing, financial flexibility and high construction quality have a competitive advantage," commented Muttik.
The public bond offering was organized by Redgate Capital who also serves as the certified adviser for Everaus Kinnisvara on the First North market.
Everaus Kinnisvara is an Estonian residential and commercial real estate developer. Founded in 2015 as a single-family home developer, the company has grown into one of Estonia’s most diversified real estate developers. Its portfolio includes apartment buildings, terraced and semi-detached houses, private homes, office buildings, warehouse and stock-office spaces, as well as mini storage units.
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