Estonia’s most diversified real estate developer, Everaus Kinnisvara AS, is launching its first-ever public bond offering on Wednesday, May 14. The subscription period will run until May 27, giving investors across the Baltics the opportunity to acquire Everaus bonds with an attractive fixed annual interest rate of 11%. The bonds will be listed on the First North Baltic Bond List. A dedicated investor seminar introducing the company and the offering—organized in collaboration with Äripäev’s Investor Toomas—will take place on May 20 in Peetri, at Pihlaka Farm.
The bonds are available to both institutional and retail investors in Estonia, Latvia, and Lithuania. The base offering size is €3 million, with the potential to increase up to €5 million in case of oversubscription. Each bond has a nominal value of €1,000, and the maturity date is June 4, 2028. The bonds carry a fixed interest rate of 11% per annum, with interest payments made quarterly. The subscription period opens at 10:00 AM on May 14 and closes at 3:30 PM on May 27.
“Everaus Kinnisvara’s strength lies in its diversified development portfolio, experienced and strategic leadership, and solid market position,” said Janar Muttik, Founder and CEO of Everaus Kinnisvara. “Our residential developments are built for sale, while our commercial properties are developed as income-generating assets that we retain in our portfolio. The proceeds from the bond issue will be used to co-finance projects that are already under construction. The land plots have been acquired, and construction has either started or is about to begin,” Muttik added.
Valeria Kiisk, Partner at Redgate Capital AS—the advisor to the issuer—commented: “We see clear and growing interest among Baltic investors in real estate developer bonds. Everaus stands out with its broad portfolio and proven track record of creating high-quality, integrated living environments that have received widespread recognition. Accessing the capital markets will support the company in executing its ambitious growth plans and creating new residential and commercial spaces.”
“This bond issuance marks an important milestone for Everaus Kinnisvara, signaling greater openness to the capital markets and a firm commitment to sustainable and transparent governance—key elements that underpin the company’s long-term growth,” noted Karin Oras, Partner and Attorney-at-Law at TRINITI Law Firm, acting as the legal advisor to the issuance.
The investor seminar introducing the company and bond offering will take place on May 20 at 5:30 PM at Pihlaka Farm in Peetri, in collaboration with Äripäev’s Investor Toomas. Registration and detailed information about the offering are available on the company’s website: https://everaus.ee/investorile.
Everaus Kinnisvara is an ambitious real estate developer celebrating its 10th anniversary this year. The company began its journey in 2015 with single-family home development, and today its portfolio includes apartment buildings, townhouses, semi-detached houses, office buildings, stock-office units, and mini-warehouses. While operating primarily in Estonia, the company is expanding into Latvia in 2025. Everaus currently holds a development portfolio comprising over 600 residential units and 80,000 m² of commercial space.
Important Information: This announcement does not constitute an offer or an invitation to subscribe to or acquire bonds. Detailed terms and conditions of the offering are available on the company’s website at www.everaus.ee and on the Nasdaq Baltic website at www.nasdaqbaltic.com. 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.
