The bonds issued by KAITA Group, one of Lithuania’s largest real estate development companies, have been admitted to trading on the Nasdaq Baltic First North Market through Nasdaq Vilnius.
During the public offering, the company raised EUR 2.8 million by issuing secured bonds with a two-year maturity and an annual interest rate of 10%.
Investors submitted orders exceeding EUR 5.3 million, with demand for the bonds nearly twice the amount offered. The issuance attracted strong interest from investors across the Baltic states and will be used to refinance the Youston Riga co-living project in Riga, which comprises 174 apartments and currently maintains an occupancy rate of approximately 95%.
This marks the 32nd bond issue admitted to the Nasdaq Baltic market this year, further underscoring the increasing importance of capital markets in financing business growth across the Baltic region.
The company was advised on all capital markets legal matters by TEGOS Partner Dalia Augaitė, Senior Associate Mārtiņš Galzons, Junior Associate Paulius Žaliauskas, and Legal Assistant Gabija Šeštokaitė.
