Today, June 5, 2025, trading with Everaus Kinnisvara AS bonds began on Nasdaq Baltic First North market. The listing of the Everaus Kinnisvara bonds follows the public offering by the real estate developer to Estonian, Latvian, and Lithuanian investors, the base volume of which – 3 million euros – was more than three times oversubscribed. 1,601 investors participated in the issue, subscribing for bonds in the amount range of 1,000 to 500,000 euros, for a total of 9,474,000 euros.
“We are very pleased with our first bond issue. The result, which exceeds the offer by more than three times, is more than pleasant and a great recognition. It is encouraging to see that a remarkable number of both returning and new investors have shown their trust in us. We are also glad that among the subscribers were not only Everaus Kinnisvara clients and employees but also institutional investors who found the offer attractive. Particularly encouraging was the strong involvement of Latvian investors,” commented Janar Muttik, founder and CEO of Everaus Kinnisvara. “The subscription result confirms that our growth potential and strategy of developing a high-quality and sustainable living and business environment are also attractive from the investor’s point of view. We sincerely thank all investors who participated in the public offering – such trust is the highest recognition,” added Muttik.
“Everaus achieved a three-fold oversubscription at a time when the Baltic stock exchanges were experiencing an unprecedented number of public bond offerings. This is undoubtedly a significant achievement, especially for a company that raised money publicly for the first time. It is a great pleasure to see that Everaus is highly valued by investors and that their story speaks to investors across the Baltics,” said Kaarel Ots, Head of Nasdaq Tallinn Stock Exchange.
Everaus Kinnisvara’s development portfolio includes 70 hectares of development land. “The capital raised through the bond issuance will be used to finance real estate projects that have reached the construction phase. The construction of these residential and commercial properties has either started or will commence shortly. Increasing the issue volume to 5 million euros due to the oversubscription supports the effective implementation of our planned activities,” said Muttik.
Everaus Kinnisvara is an ambitious residential and commercial real estate developer. The company, which started as a developer of private houses in 2015, has now grown into a developer with the most diverse portfolio, with development projects including apartment buildings, terraced houses, semi-detached houses and private houses, office buildings as well as warehouse and stock-office spaces and mini-warehouses. While residential real estate projects are intended for sale, commercial real estate is developed as cash flow projects for the purpose of leasing out to spread risks, and the established commercial buildings are retained as its own property. Everaus Kinnisvara is the only real estate developer in Estonia whose nearly all completed residential developments have received high recognition in home competitions. Due to its pioneering choices, the developer’s projects have been awarded the title “first of its kind” more than once.
