TEGOS client, real estate development company Kaita Development, part of the Kaita Group, has had its €4.5 million bond issue admitted to trading on the Nasdaq Baltic First North market.
The nominal value of each bond is EUR 1,000, with an annual interest rate of 10.5%, paid semi‑annually.
This marks the second step for KAITA Group in the bond market: last September, bonds issued by another group company, Kaita Living, were listed on the Nasdaq Baltic First North market.
“Our activities in both Lithuania and Europe are based on collaboration: we ensure growth and high‑quality projects by attracting investment. Long-term experience in the real estate market, sustainable development, and leadership in residential sales in Vilnius allow us to attract both retail and institutional investors. This trust motivates us to continue consistent growth and create long-term value,” noted Dainius Karpičius, CEO of Kaita Development.
TEGOS, with Dalia Augaitė, Gabija Šeštokaitė and Paulius Žaliauskas, served as legal advisor.
About Kaita Group
Kaita Group is one of the largest real estate development companies in Lithuania, having completed 26 real estate projects in the country. In the rental housing segment, the group manages the largest rental housing portfolio in Lithuania: more than 550 units locally and nearly 1,000 units across Europe. In the capital city, Kaita Group is developing residential projects Moods, Newton, and OFF, which together include 685 planned apartments.
