Disclaimer: the information set out below has been provided by the company identified herein and is published solely for informational purposes. Nasdaq Baltic does not take responsibility for the accuracy, completeness, or timeliness of the content and assumes no responsibility or liability for any loss or damage arising from its use.
On Friday, March 20, 2026, the public offering of group bonds by Invego Group OÜ (registry code 16281679, address Telliskivi tn 51a, 10611 Tallinn; hereinafter Invego Group) was completed (hereinafter the Offering). As part of the Offering, Invego Group offered 4,000 bonds with a nominal value of 1,000 euros per bond, an expected settlement date of March 26, 2026, and a fixed interest rate of 9.5% per annum paid quarterly. In the event of oversubscription, Invego Group had the right to increase the volume of the Offering by up to 4,000 additional bonds. The public offering was available to investors in Estonia, Latvia, and Lithuania.
Summary of subscription results:
- Total subscribed: 19,854 bonds (19.85 million euros)
- Base volume of the issue: 4,000 bonds (4 million euros)
- Oversubscription compared to base volume: 5 times
- Final issue volume: 8,000 bonds (8 million euros)
- Number of investors: 1,934 unique subscribers
- Average subscription amount: 10,260 euros per investor
Estonian investors subscribed for bonds in the amount of 12.0 million euros (61% of the total), Latvian investors 5.4 million euros (27%), and Lithuanian investors 2.4 million euros (12%).
Thus, the base issue volume of 4 million euros was oversubscribed approximately 5 times. The Management Board of Invego Group decided to exercise its right to increase the volume of the Offering by 4,000 bonds, as a result of which the total volume of the Offering increased to 8 million euros.
When allocating the bonds, the Management Board of Invego Group decided to distribute the bonds based on the following principles:
- all subscription orders made by the same subscriber were aggregated;
- subscription orders by employees, clients, and existing lenders of the Invego group were satisfied with 100% of their subscribed amount, 922 000 euros;
- subscription orders by investors holding bonds of Invego group company Invego Latvia OÜ (ISIN code EE0000000933) were satisfied with 50% of their subscribed amount, in the amount of 2 483 000 euros;
- investors who subscribed for more than 100 bonds were allocated 40% of their subscribed amount;
- The bonds not allocated based on the above principles were satisfied with 20% of their subscribed amount and distributed among the remaining investors proportionally to the subscribed amounts, taking into account a minimum allocation of 1 bond per investor.
According to Invego CEO Kristjan-Thor Vähi, the results of the offering confirm that investors across the Baltic states hold Invego in high regard. “Above all, such strong interest shows that investors in our home markets of Estonia and Latvia, know and trust Invego and our further growth plans. It is also encouraging that this time we saw significant interest in Invego bonds from Lithuanian investors,” Vähi commented, confirming that with the help of the raised capital, Invego’s growth will continue across all operating markets as planned.
The bonds are expected to be transferred to investors’ securities accounts on March 26, 2026, and their first trading day on the alternative market First North, operated by Nasdaq Tallinn, is expected to be March 30, 2026. The first interest payment will be made on June 26, 2026.
Kristjan-Thor Vähi
Member of the Management Board
E-mail: kristjan@invego.ee
https://invego.ee/