{"id":11701,"date":"2025-11-24T12:18:18","date_gmt":"2025-11-24T09:18:18","guid":{"rendered":"https:\/\/hepsor.ee\/hepsor-kaasas-volakirjadega-ule-8-miljoni-euro\/"},"modified":"2025-11-24T14:32:24","modified_gmt":"2025-11-24T11:32:24","slug":"hepsor-raises-over-8-million-through-bond-issue","status":"publish","type":"post","link":"https:\/\/hepsor.ee\/en\/hepsor-raises-over-8-million-through-bond-issue\/","title":{"rendered":"Hepsor raises over \u20ac8 million through bond issue"},"content":{"rendered":"\n<p><strong>Property developer Hepsor has announced the results of its public bond offering, which exceeded expectations and, according to CEO Martti Krass, reaffirmed investors\u2019 continued confidence. A total of 1,079 investors subscribed to the bonds for \u20ac8.5 million.<\/strong><\/p>\n\n\n\n<p>Hepsor offered up to 6000 bonds to institutional and retail investors in Estonia, Latvia, and Lithuania. The three-year bonds carry an interest rate of 9.5%, with quarterly payments. This was the first series issued under Hepsor\u2019s \u20ac20 million bond programme.<\/p>\n\n\n\n<p>A total of 1079 investors participated in the offering, subscribing for bonds in the total amount of 8.5 million euros. Therefore, the base volume of the first series of the offering in the amount of 6 million euros was oversubscribed by 1.4 times. Hepsor exercised its right to increase the volume of the offering by 2,000 bonds, as a result of which the total volume of the offering increased to 8 million euros. Subscriptions by country: \u20ac6.2 million from Estonia, \u20ac2.1 million from Latvia, and \u20ac0.2 million from Lithuania.<\/p>\n\n\n\n<p>\u201cI would like to thank all investors who trust our vision and support our growth objectives. Your trust enables us to continue pursuing ambitious goals and creating long-term value through our real estate development projects.\u201d said Hepsor\u2019s CEO Martti Krass.<\/p>\n\n\n\n<p>According to Silver Kalmus, Head of the Bond Division at LHV Bank, the issuance reflected strong investor confidence in Hepsor: \u201cDuring the investor roadshow, there was a clear sense of trust in the listed company Hepsor \u2013 this is confirmed by the circle of more than one thousand investors who decided to invest in Hepsor\u2019s bonds. I am especially pleased to see the activity of Latvian investors, who subscribed for more than two million euros worth of Hepsor bonds. At the investor meetings in Latvia, we were left with a positive impression that local investors and potential homebuyers welcome Hepsor as a developer of high-quality homes in Riga. I believe there is significant potential in Latvia in the context of upcoming series under the programme, as well as continued investor interest in Hepsor\u2019s bonds,\u201d Kalmus commented.<\/p>\n\n\n\n<p>The primary objective of the bond issue was to strengthen the company\u2019s capital position and refinance a group loan from LHV Bank. The initial issue is part of a broader bond programme aimed at supporting the financing of ongoing and upcoming development projects in Estonia, Latvia, and Canada.<\/p>\n\n\n\n<p>The bonds will be transferred to investors\u2019 securities accounts on November 26, 2025 or on a date close to it, and, the first trading &nbsp;day of the bonds on&nbsp; the Nasdaq Tallinn Stock Exchange Baltic Bond List will be 27 November 2025 or a date close to it.<\/p>\n","protected":false},"excerpt":{"rendered":"Property developer Hepsor has announced the results of its public bond offering, which exceeded expectations and, according to CEO Martti Krass, reaffirmed investors\u2019 continued confidence. A total of 1,079 investors subscribed to the bonds for \u20ac8.5 million. Hepsor offered up to 6000 bonds to institutional and retail investors in Estonia, Latvia, and Lithuania. The three-year [&hellip;]","protected":false},"author":1,"featured_media":11690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hepsor raises over \u20ac8 million through bond issue - Hepsor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hepsor.ee\/en\/hepsor-raises-over-8-million-through-bond-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hepsor raises over \u20ac8 million through bond issue - Hepsor\" \/>\n<meta property=\"og:description\" content=\"Property developer Hepsor has announced the results of its public bond offering, which exceeded expectations and, according to CEO Martti Krass, reaffirmed investors\u2019 continued confidence. A total of 1,079 investors subscribed to the bonds for \u20ac8.5 million. Hepsor offered up to 6000 bonds to institutional and retail investors in Estonia, Latvia, and Lithuania. 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