Trading of Hepsor Bonds Begins on the Baltic Stock Exchange

Estonian real estate developer Hepsor's bonds have been listed on Nasdaq Baltic's bond list as of today. At Nasdaq Tallinn's office, the exchange bell was traditionally rung at the opening of trading on this occasion.

Hepsor's bond issue totals 8 million euros, with each bond having a nominal value of 1,000 euros. The bonds offer a fixed annual interest rate of 9.5%, paid out once per quarter, and the bonds' maturity date is November 26, 2028.

Investor interest in the bonds was high. The public offering resulted in demand worth 8.5 million euros, exceeding the original 6 million euro volume by 1.4 times. A total of 1,079 investors subscribed for the bonds.

"Four years after joining Nasdaq Baltic's equity list, Hepsor is now entering the bond market – this demonstrates that the Baltic capital markets offer companies flexible financing options to support growth," said Kaarel Ots, Head of Nasdaq Baltic Exchanges and Nasdaq Tallinn. "The activity of the Baltic bond market increases financing opportunities for companies and provides investors with attractive opportunities to diversify their portfolios and earn stable returns," added Ots.

"We thank all 1,079 investors who subscribed for Hepsor's bonds. For us, investor confidence is as important as capital itself – it gives us assurance that we are moving in the right direction and that our strategy and development portfolio are attractive," emphasized Hepsor's CEO Martti Krass. "Our goal is to continue growing and bring to market energy-efficient projects with greater added value that create long-term value for both clients and investors. The bonds have given us the opportunity to expand our investor base and increase visibility both in the capital market and in the real estate development sector," added Krass.