The size of the bond issue is EUR 30 million. Each bond has a nominal value of EUR 1,000. They have a fixed annual coupon rate of 8% with quarterly payments. The bonds mature in 4 years.
The listing of the bonds follows Summus Capital’s public bond offering to Estonian, Latvian, and Lithuanian investors. The total demand for the bonds reached EUR 38.3 million, and 977 investors participated in the offering. Estonian investors subscribed for bonds amounting to EUR 17.8 million (47% of the total subscribed volume), Latvian investors for EUR 7.5 million (19%), and Lithuanian investors for EUR 13 million (34%).
“Summus Capital became a public company already back in 2021 when their bonds were listed on the Nasdaq Baltic First North market. I’m happy to see that Summus Capital is now entering the regulated market by having their bonds listed on the Baltic Bond List,” said Kaarel Ots, CEO of Nasdaq Tallinn and Head of the Nasdaq Baltic Stock Exchanges.
“Listing our bonds on Nasdaq Tallinn helps us to strengthen transparency and investor trust across the Baltics. The raised capital will support the continued growth of our diversified property portfolio in the Baltics and Poland. We value the confidence shown by investors and remain committed to long-term, stable value creation,” said Aavo Koppel, Member of the Management Board of Summus Capital.
Summus Capital is a Baltic real estate investment holding company, headquartered in Estonia. The company currently owns 16 properties across the 3 Baltic countries and Poland with an asset value of more than EUR 509 million. Summus Capital has a well-diversified portfolio of cash-flow generating commercial real estate properties in the retail, office, logistics and medical segments. Read more: https://summus.ee
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