Evernord, the investment and wealth management group, was involved in the financing of €64 million of projects in 2023. Evernord’s management describes the past year as a unique period, with a favourable economic cycle in the investment market, a growing corporate bond market, and attractive financial returns for projects that attracted investors’ attention. “Evernord’s clients invested EUR 98 million in various projects last year.
Last year, Evernord was involved in 23 financial projects and significantly expanded its client base, with 178 new clients taking an interest in the company’s projects last year. The number of new clients increased by 122% compared to 2022.
“2023 was a very exciting year in terms of the opportunities we were able to offer our clients. We can safely call the increase in the number of new clients a breakthrough year, thanks to the focus and proactivity of our team and the variety of investment projects that attracted the attention of investors. Last year, we recorded a significant growth in sales of Evernord’s products – 78%”, – notes Vismantė Šepetienė, Director of Evernord FMI.
She adds that Evernord has successfully capitalised on the growth of the corporate bond market in Lithuania: “The economic environment has made it more expensive for companies to borrow, and investors have been able to lock in high annual returns. The perception of companies that borrowing is not only from the bank but also on the bond market is growing, but there is still room for the corporate bond market in our country to grow further compared to other developed countries.”
“In addition to real estate-linked bonds, Evernord last year offered investors debt securities in other sectors, including two renewable energy projects, bond issues by debt management firm Legal Balance and utility company Civinity, and a bond placement by Eleving Group in conjunction with an international consortium of bond underwriters.
In addition, last year Evernord raised around €16 million in investor funds through four further rounds of Marijas 2 bond issues. These funds are financing the construction of the Novira Plaza Riga business complex in the centre of Riga, in which Evernord Asset Management has a majority stake.