{"id":12835,"date":"2026-03-05T10:53:02","date_gmt":"2026-03-05T07:53:02","guid":{"rendered":"https:\/\/invego.ee\/?p=12835"},"modified":"2026-03-05T11:34:41","modified_gmt":"2026-03-05T08:34:41","slug":"starting-today-invego-group-bonds-with-an-interest-rate-of-9-5-can-be-subscribed-for-the-first-time","status":"publish","type":"post","link":"https:\/\/invego.ee\/en\/starting-today-invego-group-bonds-with-an-interest-rate-of-9-5-can-be-subscribed-for-the-first-time\/","title":{"rendered":"Starting today,\u00a0Invego\u00a0Group bonds with an interest rate of 9.5% can be subscribed for the first time"},"content":{"rendered":"\n

Invego Group O\u00dc, the parent company of Invego, a real estate development group operating in Estonia, Latvia and Portugal, is launching today a public offering of bonds with an interest rate of 9.5%. The subscription period for the offering, which is aimed at retail and professional investors in Estonia, Latvia and Lithuania, will close on 20 March 2026, after which the bonds are planned to be listed on the Nasdaq Baltic First North bond list. <\/strong> <\/p>\n\n\n\n

“The issuance of the Group’s bonds supports the stable growth of our entire extensive international development portfolio. In the first two months of this year, we have launched the construction of the Verve residential development in Estonia and the Tornakalna Terases residential quarter in Latvia. In total, we currently have 12 residential developments under active development and public sale across three countries,” comments Invego Group’s Founder and CEO Kristjan-Thor V\u00e4hi, promising that two more large-scale developments are expected to be unveiled this year. Last year, Invego sold 183 new homes worth a total value of EUR 48 million. In addition to its success in the residential real estate sector, Invego has completed Tallinn\u2019s most modern business quarter, Krulli Park, as well as a new commercial building in the Telliskivi district over the past year. <\/p>\n\n\n\n

The offering volume is EUR 4 million, with the option to increase the amount up to EUR 8 million in case of oversubscription. During the four-year period of the bonds (2026\u20132030), Invego Group\u2019s development portfolio will include a total of 21 projects, comprising approximately 2,400 planned homes. The estimated total sales revenue of the projects amounts to EUR 600,000,000 including VAT. The portfolio is geographically diversified and consists of projects at different stages of development, ensuring visible sales volumes throughout the bond period and enabling capital to be allocated gradually and efficiently in line with construction schedules and market conditions. <\/p>\n\n\n\n

This is the first time Invego is offering bonds at the group level. The bond issue carried out last year by Invego Latvia O\u00dc, a company within the group, attracted strong investor interest, with 2,038 investors subscribing to nearly four times the offered amount. <\/p>\n\n\n\n

\u202f <\/p>\n\n\n\n

Harmonisation and consolidation of the group’s financial reporting<\/strong> <\/p>\n\n\n\n

In 2024, Invego Group transitioned to International Financial Reporting Standards (IFRS) and prepared its first consolidated annual report in accordance with capital market practices and the expectations of stock exchanges and professional investors. As part of this process, the group’s companies were brought together into a single consolidation group and uniform accounting principles were implemented throughout the group.\u202f\u202f <\/p>\n\n\n\n

As of 31 December 2025, the group’s total assets amounted to EUR 184 million and equity to EUR 49 million. Invego Group manages more than 60 companies, of which 55 were included in the consolidation group as at the end of 2025. <\/p>\n\n\n\n

“Investors appreciate transparent reporting and consolidated financial statements prepared in accordance with IFRS, which provide a clear overview of the financial position of the entire group. It is positive to see that\u00a0Invego\u00a0has brought its reporting to group level and is committed to complying with the financial covenants set out in the bond terms in accordance with market standards, including maintaining minimum liquid funds in the amount of at least one subsequent interest payment and ensuring that the adjusted equity ratio is at least 20% at all times,” said Silver Kalmus, LHV’s\u00a0Dept Securities Area Manager<\/strong>.\u00a0<\/p>\n\n\n\n

Key terms and conditions of the offering\u202f\u202f<\/strong> <\/p>\n\n\n\n