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 Kop\u0173 Sl\u0117nis 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.<\/p>\n
“When we started cooperation with Kop\u0173 sl\u0117nis, 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 Vismant\u0117 \u0160epetien\u0117, Director of Evernord.<\/p>\n
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.<\/p>\n