The third bond issue of the Capitalica Baltic Real Estate Fund I, which is managed by Capitalica Asset Management, has been admitted to trading on the Nasdaq Baltic First North bond market by Nasdaq Vilnius on June 23, 2022.
The size of the third bond issue is EUR 3 million. The nominal value of one bond is EUR 100. The two-year bonds have an annual interest rate of 5% and mature on June 3, 2024.
“We congratulate Capitalica Asset Management on the admission of another bond issue on the Nasdaq Baltic First North market,” says Saulius Malinauskas, President of the Nasdaq Vilnius Stock Exchange. “Capitalica Asset Management is actively pursuing the business opportunities offered by the debt securities market and has been building its securities market success story on the Baltic capital market since 2019. This is the third bond issue to be admitted to trading on Nasdaq Baltic First North. We are pleased with the company’s activity on the public securities market and wish all success in achieving its business goals“.
“The listing of the bonds on First North, the alternative securities market operated by Nasdaq Vilnius, provides an opportunity to diversify our growth model by leveraging the Nasdaq exchange in the Baltic markets. In addition to raising capital, we are also gaining liquidity, transparency, credibility and visibility, which is important for the investors of our fund”, says Andrius Barštys, CEO of Capitalica Asset Management.
The funds raised through the bond issue used to partially refinance a EUR 5m bond issue placed in 2019. The proceeds from the bonds three years ago were invested in Verde, a green concept complex of two Class A office buildings being developed in Riga.
“Three years ago, our investors’ confidence was driven by the fund’s other profitable and income-generating properties. Meanwhile, this year the investment in bonds was offered under extremely safe conditions: the Verde project is already in the final stage of development, and the first building of the complex will open its doors to tenants in the summer of this year. It has already leased 75% of its office space. Among the largest tenants of this office complex are Swisscom, a Swiss telecommunication service provider and software developer, Decta, a financial technology company, KPMG Latvia, an international provider of professional services, Workland, a provider of office space solutions, and other companies operating in Latvia,” says Barštys.
Sorainen law firm is the company‘s certified adviser for First North, while Šiaulių bankas was the arranger of the third bond issue.
For more information:
Andrius Barštys,
CEO of Capitalica Asset Management
+370 612 30260
Upės g. 21-1, LT-08128 Vilnius, Lietuva
www.capitalica.lt
