Another successful bond placement project! Evernord has completed the first tranche of a EUR 2.5 million bond issue for the real estate development company SBA Urban’s Kopų Slėnis apartment project in Palanga, out of a total bond issue programme of up to EUR 6.5 million. Almost 50 investors participated in the private placement, which is secured by real estate.
“When we started cooperation with Kopų slėnis, we anticipated that investors who want to diversify their portfolio by contributing to promising real estate projects would find this opportunity interesting – this is due to the project’s concept, its location close to the Baltic Sea coast, and its attractive architectural solutions. We have seen that the project has a strong client interest, which shows its viability and reflects the trust in the developers. As we expected, there was no shortage of investor interest,” says Vismantė Šepetienė, Director of Evernord.
The terms of the bond issue were attractive to investors: the maturity is 15 months with an early redemption option after 9 months. The bonds have an annual yield of 9% and interest will be paid semi-annually.
https://www.linkedin.com/feed/update/urn:li:activity:7122248962224349184