Capitalica Asset Management has successfully placed a €2 million bond issue by UAB Capitalica European Office Fund. The bonds were offered on Nasdaq, with Artea Bank acting as the lead arranger of the issue.
Investors from Lithuania and Estonia participated in the offering, which ran until 2 October. The bonds carry a fixed annual interest rate of 8% and a yield of 7.5%. The proceeds will be used to finance the construction of VERDE Buildings C and D in Riga’s Skanste district.
