Starting from Friday, May 30, 2025, the secured bonds of Estonian real estate developer Invego Latvia OÜ are tradable on the Nasdaq Baltic First North market’s bond list.
The issue size of Invego’s secured bond is 8 million euros. The nominal value of one bond is 1000 euros with an annual interest rate of 11%, paid quarterly. The bonds’ redemption date is May 29, 2029.
The admission of the bonds to trading follows Invego’s recent public bond offering in the Baltic countries, during which the investors’ demand reached approximately 15.8 million euros, exceeding the base size of 4 million euros by nearly four times. 2,038 investors from all three Baltic countries participated in the bond offering.
“The great popularity of Invego bonds and significant oversubscription demonstrate that Baltic investors strongly believe in the growth potential of the region’s real estate sector,” said Kaarel Ots, Head of Nasdaq Tallinn Stock Exchange. “More than 2,000 investors and an offering oversubscribed by more than 3.9 times confirm that Invego bonds were very attractive to investors. It is refreshing for the capital markets that more and more companies are using public bond offerings to achieve their growth objectives.”
“We are extremely satisfied with the results of the offering, which show investors’ strong belief in our business model and the potential of the Latvian real estate market. The raised capital allows us to further support the development of our Latvian projects and strengthen our position in Riga’s residential real estate market. The strong participation of Latvian investors was particularly remarkable, confirming the authenticity of our strategy. We are pleased to welcome new investors as participants in Invego’s growth journey and are grateful to both existing customers and employees who invested in the bonds,” said Kristjan-Thor Vähi, founder and CEO of Invego Group.
The photo gallery of Invego’s bell-ringing ceremony can be found here.
Invego Group is a new-generation real estate developer operating in three countries, specializing in creating large-scale residential areas and business quarters with an integrated concept that creates future urban space. With more than 10 years of operational history, the Invego Group includes over 60 companies in Estonia, Latvia, and Portugal, with 30 different development projects currently in progress. Invego group has developed more than 150,000 m² residential and 50,000 m2 commercial spaces and has an additional 450,000 m² of residential and commercial real estate in development.
Learn more about Invego: https://invego.ee/investor/
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Learn more: nasdaqbaltic.com
Additional information:
Ott Raidla
Nasdaq Tallinn Stock Exchange / Baltic Exchanges
Marketing and Communications Manager
+372 5552 4824
Kadri Lindpere
Invego Marketing and Communications Manager
+372 505 1239
www.invego.ee
