One of the rules of investing is that projects in which investors entrust their funds must be implemented smoothly and transparently.

The Mūnai by CITUS quarter in Vilnius’s Šiaurės miestelis district is being developed according to a precisely planned financing schedule, with careful monitoring of the market situation. The project owner and client, the management company Demus Asset Management, took advantage of a favorable opportunity to issue bonds, which were distributed by Evernord.

  • A 2.5-year, €6 million subordinated bond issue managed by Demus Asset Management was distributed. Annual interest rate – 7.9% + 3m Euribor.
  • The redemption date for the new issue is January 15, 2028.
  • “A bond issue is not only a financial instrument, but also a responsibility to investors.

“A bond issue is not only a financial instrument, but also a responsibility to investors. The Demus Asset Management project proves that high-quality real estate development, with well-considered financing stages and methods, is sustainable and builds trust in the market. Consistent work with partners, open communication, and responsibly weighed decisions are the key factors that determined the success of this bond issue,” says Vismantė Šepetienė, Director of Evernord FMĮ.

“More than a year ago, we embarked on a major project in one of the most promising locations in the city – Mūnai by CITUS. The participation of retail investors in the project was and remains very important to us, so we chose Evernord, experts in their field, for this collaboration. Their professionalism in distributing the issue to retail investors and presenting the appeal of residential real estate met our expectations and interests,” says Mindaugas Liaudanskas, Head of Demus Asset Management.

Mūnai by CITUS is an A++ class complex of six residential and two administrative buildings in Žirmūnai, Vilnius. The project is expected to be completed in 2029. In the first and second stages, which are currently under development, 132 apartments have already been sold. A total of 477 upper medium class homes are planned for the project.

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