Staapli 10
Tallinn, Estonia
A total of 2,038 investors from all Baltic countries participated in the public offering of bonds by Invego Latvia OÜ, belonging to the Invego group, subscribing for bonds worth 15.8 million euros in total, representing a 3.95-fold oversubscription of the base volume. The average subscription amount was 7,750 euros per investor. Due to high demand, Invego decided to increase the offering size to 8,000 bonds, totaling 8 million euros. The first trading day on Nasdaq Tallinn Stock Exchange’s alternative market First North is 30 May 2025.
In accordance with the Income Tax Act, the issuer of Invego bonds, Invego Latvia OÜ (ISIN: EE0000000933), is required to withhold 22% income tax on interest payments made to individual Estonian tax residents. If you have chosen to acquire the bonds through an investment account in order to defer the income tax obligation, please complete the declaration form below and notify Invego of your request to receive gross interest payments.
Investors who have not previously notified the issuer of this intention are requested, if applicable, to submit a completed declaration at least 10 business days prior to the interest payment date. Forms submitted after this deadline will only be considered for subsequent interest payment dates. Interest payment dates for the bonds are: 28 February, 29 May, 29 August, and 29 November. If you have any questions regarding this declaration, please contact us at – we are happy to assist you.
Notification of the request to receive full interest payments on Invego bonds
By submitting this declaration, I confirm that the information provided is accurate and that the Invego bonds have been acquired through the above-mentioned investment account, which I declare to the Estonian Tax and Customs Board as such. Accordingly, I request to defer the payment of income tax on interest received into the investment account under the investment account system. I confirm the accuracy of the information provided in this declaration and consent to the processing of my personal data in accordance with Invego’s Client Data Processing Principles.
Invego, in cooperation with Äripäev’s Investor Toomase Investeerimisklubi organized a company and offering presentation event (in Estonian) on May 13, 2025 at 17:00 in Tallinn at Wise Estonian headquarters building (restaurant SUMI), developed by Invego. A similar event, organised in cooperation with Investoru Klubs (in English) took place on May 14 at 17:00 in Riga, at Invego’s office. Click below to view the event in English (introduction words in Latvian).
That focuses on creating innovative and inspiring living and working environments.
With over 10 years of experience, we’ve continuously refined and scaled our best practices, applying them to increasingly ambitious projects.
Success comes from our people. Our team combines strong market knowledge with a solid track record and a quality-first approach.
Detailed information about the program and the conditions of the Invego bonds public offering:
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Over 90% of Riga’s residents still live in aging Soviet-era apartments. With a 48% overcrowding rate — the highest in the Baltics (Eurostat 2023), compared to 21% in Estonia and 31% in Lithuania — there is a clear and growing demand for modern homes.
Riga offers the most affordable housing among the Baltic capitals. Average loan sizes remain nearly 2x lower than in Tallinn or Vilnius, while official income levels and loan accessibility are steadily increasing. Compared to Estonia, the number of home loans issued per capita in Latvia is currently twice as low.
After thorough preparation and market research, we are bringing our highly experienced team and more than 10 years of expertise in large-scale residential and commercial developments to Latvia. With proven scaling know-how, deep market knowledge, and a quality-first mindset, we are ready to build a strong presence in our neighboring core market.
Positioned between the more developed Estonian and Lithuanian markets, Latvia benefits from regional integration, growing economic momentum, and cross-border banking — creating strong tailwinds for catch-up growth.
Zakusala Islands
Start of the new market learning phase.
Riga market research and feasibility assessments for potential new developments.
Development of the strategic vision and key terms for Invego’s Riga pilot project.
Acquisition of the Parka Kvartāls land plot for the pilot project- co-venture with Reterra.
Hands-on active market learning process through the pilot project (Parka Kvartāls), including the conceptual planning, design & construction permits process.
Acquisition of the 2nd project in Riga, Skanstes Rezidences land plot in Skanstes area and the 3rd project in Miera street.
Strategic decision to expand more actively into Latvia and consider it as Invego’s core market.
Start of the Parka Kvartāls 1st phase construction.
Acquisition of the 4th project Vitolu Parks land plot in Duntes street.
Creation of the Invego Latvian future development pipeline through the acquisitions of the 5th, 6th, 7th, 8th, 9th, 10th and 11th project land plots in Riga and the Riga metropolitan areas – a diverse portfolio targeting different customer segments across various locations.
Opening of Invego’s Riga office and building the team.
Start of construction of Skanstes Rezidences complex.
Bringing Invego’s vision and proven development expertise to Latvia by transforming acquired land into inspiring future-focused, award-winning residential neighborhoods.
Establishing a strong foothold in the market, consistently ranking among the top3 residential real estate developers in Latvia.
has been invested in Invego’s Latvian development projects for the acquisition of land plots and pre-development costs. The investment has been made using Invego’s and its co-investors’ own funds.
Invego has successfully acquired and owns land for its projects, securing a diversified portfolio across different areas and segments.
Our development projects are in various stages, providing a strong and balanced pipeline.
The funds will be used to advance our portfolio in Latvia, including the following key development activities:
This website: www.invego.ee/investor (the Website) provides information regarding the public offer of bonds by Invego Latvia OÜ. The information presented herein may be summarised, not comprehensive, indicative and non-binding. The only binding information is in the “Documents” (to the extent indicated therein) as defined in the “Terms and Conditions of Invego Latvia OÜ Non-Convertible Bond Issue”. The information contained on this Website has not been independently verified. You should not rely upon it or use it to form the definitive basis for any decision, commitment or action whatsoever.
The information presented herein does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information contained on the Website is an advertisement within the meaning of Regulation (EU) 2017/1129. The bonds referred to herein are offered only in Estonia, Latvia and Lithuania and exclusively based on the “Documents” as defined in the “Terms and Conditions of Invego Latvia OÜ Non-Convertible Bond Issue”. The documents made available on the Website have not been submitted to, reviewed by, confirmed, registered or approved by any regulatory or supervisory authority of any jurisdiction. The bonds are offered in accordance with Article 3(2) of Regulation (EU) 2017/1129 and the respective national legislation of Estonia, Latvia and Lithuania based on the documents made available on the Website.
Investment in the bonds of Invego Latvia OÜ discussed herein involves certain risks. The principal risk factors that may affect the Invego Latvia OÜ’s ability to fulfil its obligations are discussed in the Invego Latvia OÜ’s ”Information Document for Non-Convertible Bond Issue in the Maximum Aggregate Nominal Value of up to EUR 8,000,000” which is available on the Website. If any of these risks materialize, the investor may not receive the expected return or may incur partial or complete loss of their investment. The list of risks is reflective of Invego Latvia OÜ’s understanding of risks related to the issue of bonds as of the date of the information document. The list of risks should not be deemed to be exhaustive. Additional risks and uncertainties relating to Invego Latvia OÜ that are not currently known, or that are currently deemed immaterial, may individually or cumulatively also have a material adverse effect on the business, prospects, results of operations and/or financial position of Invego Latvia OÜ and its ability to redeem the bonds.
Before entering into any transaction in respect to the bonds of Invego Latvia OÜ you must ensure that you fully understand such transaction and have made an independent assessment of the appropriateness of such transaction in the light of your own objectives and circumstances. Prospective investors should carefully acquaint themselves with the “Documents” before making a decision to invest in the bonds. Nothing presented on the Website or in the “Documents” may be construed as investment, financial, legal, tax, accounting or other specialist advice or a recommendation.
Please consult with an expert, if needed. Investors should conduct their own inquiries into the possible financial, accounting, legal risks and tax consequences associated with the issue of and investment in the bonds.
The bonds of Invego Latvia OÜ are offered publicly only in Estonia, Latvia and Lithuania. The information contained in this section of the Website is not intended for publication, distribution or transmission, in whole or in part, directly or indirectly, in any other country or in any circumstances in which such publication, distribution or transmission would be unlawful. No sale or offering of the bonds will be made in any jurisdiction where such offer, solicitation or sale would be unlawful, without any exemption or qualification provided by law, or to persons to whom financial sanctions have been imposed by competent authorities. Persons visiting this Website who are subject to the laws and regulations of any such jurisdiction must inform themselves of and comply with all applicable restrictions or requirements.
