Baltic Investors Subscribed for Everaus Real Estate Bonds Nearly Twice Over

Everaus Kinnisvara bond issue second series attracted investor attention: the 3 million euro offering was oversubscribed nearly twice.

On Friday, October 17, 2025, the public offering of Everaus Kinnisvara bonds ended. This was the second series of the Everaus Kinnisvara bond program, with 906 investors from Estonia, Latvia, and Lithuania participating in the subscription. Investors subscribed for bonds totaling 5 760 000 euros. Thus, the issue with a volume of 3 million euros was oversubscribed 1.92 times. Bonds were subscribed for in amounts ranging from 1,000 to 240,000 euros.

In the distribution of bonds, it was decided to prioritize Everaus Kinnisvara employees, homebuyers, previous and institutional investors, who will all receive their subscribed bonds in full. The remaining investors were allocated at least 40% of their subscribed amount and no fewer than 1 bond per investor. The bonds will be credited to investors' securities accounts on October 22, 2025. The first trading day on Nasdaq Tallinn's alternative market First North is October 23, 2025.

Everaus Kinnisvara founder and CEO Janar Muttik comments: "We are fully satisfied with the results of our bond issue second series – the repeated oversubscription confirms that investor interest and confidence remain high even after the successful initial public offering in spring. It is gratifying to note that we are trusted by both previous investors and a large number of new investors. Among the bond subscribers, approximately one-third were investors who also participated in the spring initial offering. Among the subscribers, 65% are individuals and 35% are institutional investors and companies. It was pleasant to see the growth in the share of Latvian and Lithuanian investors compared to the spring initial offering. The subscription results confirm that investors continue to trust our development prospects and strategy to develop quality and sustainable living and business environments," adding that "the second series of bond issues will support the more efficient implementation of planned activities. We thank all investors who participated in the public offering for their trust. Trust is the highest recognition."

Redgate Capital AS partner Valeria Kiisk comments: "Everaus Kinnisvara's second bond offering received strong investor approval again. I believe that investors appreciate the issuer's chosen strategy, which combines residential development projects with cash-generating business projects. With the help of funds received in the first offering, the issuer has already significantly grown its portfolio in the mini-warehouse and storage space segments, which creates a good foundation for achieving stable cash flows."

About Everaus Kinnisvara

Everaus Kinnisvara is an ambitious real estate developer celebrating its tenth year of operation this year. The company has years of experience creating quality and sustainable living and business environments. Starting in 2015 as a residential developer, the company has now grown into a developer with the most diverse portfolio, whose development projects include apartment buildings, townhouses, semi-detached houses and single-family homes, office buildings as well as warehouse and stock-office spaces and mini-warehouses, as well as residential plots and guest apartments. While residential real estate projects are intended for sale, business real estate is developed for risk diversification through leasing as cash-flow projects and is retained in the company's own ownership.

Everaus Kinnisvara's development portfolio includes 70 hectares of development land. The capital raised through the offering will be used for additional financing of real estate development projects that have reached the construction stage. The construction of the named residential and business projects has already begun or will begin soon.

About the Offering

Through the offering, Everaus Kinnisvara offered up to 3,000 unsecured bonds with a nominal value of 1,000 euros, with a redemption date of October 22, 2028, and a quarterly paid fixed interest rate of 10% per annum (the first interest payment will be made on January 22, 2026). The public offering took place in Estonia, Latvia, and Lithuania.

Summary of Subscription Results:

• Total subscribed: 5,760 bonds (5 760 000 euros)

• Issue volume: 3,000 bonds (3 million euros)

• Oversubscription rate compared to base volume: 1.92 times

• Final issue volume: 3,000 bonds (3 million euros)

• Total number of investors: 906 unique subscribers

• Average subscription amount: 6,358 euros per investor

• Subscription by country: Estonian investors participated with 81%, Latvian investors with 15%, Lithuanian investors with 4% share of the total subscription volume

The organization of the public offering was advised by Redgate Capital AS and law firm TRINITI.