Everaus Kinnisvara AS launches the public offering of the second tranche of its bond issue on 8. October. The subscription period for the second tranche bonds will run until 17. October. During the offering, investors in the Baltic States will have the opportunity to acquire the company’s bonds with an annual interest rate of 10%, which will be admitted to trading on the First North Baltic Bond List.
Main terms of the Offering
The bonds are publicly offered to institutional and retail investors in Estonia, Latvia and Lithuania. The total value of the offering is up to 3 million euros. The nominal value of one bond is 1000 euros and the maturity date of the bonds is 22.10.2028. The fixed annual interest rate of the bonds is 10%, with interest payments made quarterly.
The detailed terms and conditions of the bond offering are available on the Company’s website at https://everaus.ee/en/for-investors/ and on the NASDAQ Tallinn website https://www.nasdaqbaltic.com/.
The indicative timetable of the offering
| Subscription period starts | 08. October 2025 at 10:00 |
| Subscription period ends | 17. October 2025 at 15:30* |
| Announcement of offering results | 20. October 2025 |
| Settlement of the offering | 22. October 2025 |
| First trading day | 23. October 2025 |
| Maturity date | 22. October 2028 |
About the Company and the Bond Programme
Everaus Kinnisvara is an ambitious residential and commercial real estate developer. Established in 2015 as a private housing developer, the company has since grown into one of the most diversified developers in Estonia, with a portfolio that includes apartment buildings, terraced houses, semi-detached houses and single-family homes, as well as office buildings, warehouses, stock-office premises and self-storage facilities, in addition to residential plots and serviced apartments. While residential projects are developed for sale, commercial real estate projects are retained as cashflow generating assets for rental purposes, diversifying the Company’s risk exposure. Everaus Kinnisvara operates in Estonia, primarily in Harju County, with expansion plans into Tartu County and Latvia. The Company’s development portfolio currently comprises more than 600 residential units and over 80 000 sqm of commercial space.
Everaus Kinnisvara AS launched its first public bond offering in May of this year, issuing 5000 bonds with a total nominal value of 5 million euros under the first tranche of its bond programme. The issued bonds are admitted to trading on the alternative market First North of Nasdaq Tallinn.
The fundings from the first tranche have been used as intended, enabling significant progress across the company’s development projects. In the Kindluse Kodu Phase I (townhouses and semi-detached houses), infrastructure has been completed and the first houses have reached their full height (50% of the homes in phase I have been sold). In the Luige Kodud phase II (townhouses and apartment buildings), construction has advanced to facade works and interior installations (30% of the homes in phase II have been sold). The construction of the second phase of the Lennuradari warehouse complex and the Haabersti self-storage facilities is near to completion, with the new commercial buildings in the company’s rental portfolio expected to be finalised by the end of this year.
The purpose of the second tranche is to further finance the construction of subsequent stages of ongoing developments and to initiate new projects. Construction has commenced on the infrastructure for the next phases of Kindluse Kodu and on the townhouses of Luige Kodud phase III – the final phase of the project. In addition, the construction of the last two buildings in the Lennuradari warehouse complex is underway. Preparations are also in progress for the development of Kangru Kodu townhouses and for the launch of apartment buildings located on the outskirts of Tartu, which recently added to the company’s portfolio.
Comment from management board
“The more than threefold oversubscription of our first bond offering in spring confirmed that we are recognised and valued not only by our clients and partners, but also by investors who trust our growth prospects and our strategy to develop high-quality and sustainable living and business environments. The second tranche offering provides an opportunity to further broaden the company’s investor community,” said Janar Muttik, Founder and Chief Executive Officer of Everaus Kinnisvara, adding that the Company’s competitive advantage and strength from an investor perspective lies in the diversification of its portfolio and its balanced risk profile.
“Different real estate segments perform differently over the course of economic cycles. When the residential market slows down, the commercial property sector – such as warehouses – can continue to perform strongly, driven by the growth of e-commerce and logistics demand. This enables us to offset lower income in one segment with growth in another,” explained Muttik, adding: “The diversity of our projects also allows us to reallocate capital flexibly, investing in the most profitable projects at any given time. When the apartment market experienced a downturn, our premium-class residential projects and private plots, which are less affected by market fluctuations, provided us with a significant advantage. Such strategy ensures sustainability and growth even when one or another market segment is in decline.”
Important Information: This announcement does not constitute an offer to sell, a solicitation of an offer to subscribe for or acquire any securities. The details of the bond subscription, the terms of the offering and the related documents are available on the Company’s website at www.everaus.ee and on the Nasdaq Baltic website at www.nasdaqbaltic.com. The admission of the bonds to trading on the Nasdaq Tallinn First North multilateral trading facility does not constitute a recommendation to invest in the bonds.
Additional information:
Janika Roots
Finantsjuht
Everaus Kinnisvara AS
