Everaus Kinnisvara’s second bond issuance series attracted strong investor interest: 3 million euro offering was obersubscribed nearly twice.
On Friday, October 17, 2025, Everaus Kinnisvara successfully concluded the public offering of its second bond issuance. The offering, with a total volume of 3 million euros, was oversubscribed 1,92 times as 906 investors from Estonia, Latvia, and Lithuania subscribed for bonds in the aggregate amount of 5 760 000 euros. Subscription amounts ranged between 1000 and 240 000 euros.
In the allocation process, priority was given to Everaus Kinnisvara employees, homebuyers, previous and institutional investors, all of whom received their subscriptions in full. Other investors were allocated at least 40% of the subscribed amount, but no less than one bond per investor. The bonds will be transferred to investors’ securities accounts on October 22nd 2025, and the first trading day on Nasdaq Tallinn’s alternative market First North will be October 23rd 2025.
Janar Muttik, Founder and CEO of Everaus Kinnisvara, commented:
“We are very pleased with the results of our second bond issuance. The oversubscription once again confirms that investor interest and confidence remain strong after our successful debut issuance in spring. It is rewarding to see that we are trusted both by our existing investors and a large number of new ones. Nearly one-third of second series subscribers also participated in our first issuance. Of the total investors, 65% were private individuals and 35% institutional investors and companies. We were particularly encouraged by the growing participation of investors from Latvia and Lithuania compared to the spring issuance. The results confirm that investors continue to believe in our growth prospects and strategy to develop high-quality, sustainable living and business environments. The funds raised will allow us to execute our planned activities even more effectively. We sincerely thank all participating investors for their trust—trust is the highest recognition.”
Valeria Kiisk, Partner at Redgate Capital AS, added:
“Everaus Kinnisvara’s second bond offering once again received strong support from investors. I believe investors appreciate the issuer’s strategy, which combines residential development projects with commercial projects generating stable cash flows. With the proceeds from the first issuance, the company has already significantly expanded its portfolio in the mini-storage and warehouse segment, laying a solid foundation for achieving long-term cash flow stability.”
About Everaus Kinnisvara
Everaus Kinnisvara is an ambitious real estate developer celebrating its 10th anniversary this year. The company has long-standing experience in creating high-quality and sustainable residential and commercial environments. Founded in 2015 as a private housing developer, Everaus has since grown into one of Estonia’s most diversified developers. Its portfolio includes apartment buildings, terraced houses, semi-detached houses, single-family homes, office buildings, warehouse and stock-office premises, mini-storage facilities, residential plots, and serviced apartments.
While residential projects are developed for sale, commercial developments are retained in the company’s ownership as cash flow projects, providing long-term income and risk diversification. Everaus currently holds a development land portfolio of 70 hectares. The capital raised in this issuance will be used to finance ongoing and upcoming construction projects in both the residential and commercial segments.
Offering Terms
As part of the offering, Everaus Kinnisvara offered up to 3000 unsecured bonds with a nominal value of 1000 euros each, maturing on October 22nd 2028, with a fixed annual interest rate of 10% payable quarterly (first interest payment on January 22nd 2026). The public offering was conducted in Estonia, Latvia, and Lithuania.
Summary of the Subscription Results:
- Total subscribed: 5760 bonds (5 760 000 euros)
- Issue volume: 3000 bonds (3 000 000 euros)
- Oversubscription rate: 1,92 times the volume
- Final issue volume: 3000 bonds (3 000 000 euros)
- Total number of investors: 906 unique subscribers
- Average subscription amount: 6358 euros per investor
- Subscription by country: Estonian investors 81%, Latvian investors 15%, Lithuanian investors 4% of the total subscribed volume.
The public offering was advised by Redgate Capital AS and Law Firm TRINITI.
Additional information: Janika Roots, CFO of Everaus Kinnisvara AS, investorid@everaus.ee
