A subsidiary of AS Baltic RE Group has made a private placement of 3 million euro profit distribution bonds with a yield of 2.25%
June 17, 2022
The information was prepared by AS Baltic RE Group.
The wholly owned subsidiary of AS Baltic RE Group, SIA Baltic Re Properties, has privately placed corporate bonds with rising interest rates. The total nominal value of the issue is 3’000’000.00 EUR, and it will be used for the renovation of the recently purchased property Kr. Barona Street 2, Riga, as well as for the purchase of new properties in line with the Group’s strategy. The bonds are unsecured and have a maturity of 5 years, with an annual yield (coupon) fixed at 2.25% and a possible additional variable interest rate increase of up to 2.50%, depending on the issuer’s target return.
AS BluOr Bank acted as the issuer’s agent.
AS Baltic RE Group has already gained positive experience in issuing corporate bond securities in 2016, which were registered on the Nasdaq Baltic stock exchange at that time. These bonds included a call premium in the event of early redemption, and the entire issue was redeemed early, paying a redemption premium to all bondholders.
Giovanni dalla Zonca, Founder and CEO of Baltic RE Group, says: “We are extremely proud to have completed the placement of bonds with such innovative conditions in the Baltic market. bondholders and provides stable opportunities to diversify funding sources. There are interesting investment opportunities in the real estate sector that can serve the bond market excellently and successfully. “
AS Baltic RE Group is a real estate investor who has been specializing in the acquisition and management of high-quality real estate since 2008. As one of the market leaders in the Baltic premium property segment, Baltic RE Group implements the best environmental sustainability standards available on the market in its buildings, which also promotes the well-being of the users of these buildings.
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