Arco Vara AS public bond offering announcement
Arco Vara AS hereby announces the public offering of its bonds. The offering
will be carried out on the basis of the prospectus approved by the Estonian
Financial Supervision Authority on 8 September 2025, which has been published on
the date of this announcement on the websites of Arco Vara and the Estonian
Financial Supervision Authority. The unsecured and unsubordinated bonds are
publicly offered only in Estonia.
Main terms of the offering
Issuer |Arco Vara AS
|
Security |EUR 8.80 ARCO VARA VÕLAKIRI 25-2028
|
Type of security |Unsecured and unsubordinated bond
|
ISIN |EE0000002244
|
|Public offering to retail and institutional investors in
|Estonia, targeted offering to institutional investors in
Type of offering |Latvia and Lithuania
|
|EUR 10 million, with the possibility to increase up to
Issue volume |EUR 15 million
|
Nominal value |EUR 100
|
Interest rate |8.8% per annum
|
|Quarterly (24 September, 24 December, 24 March, and 24
Interest payments |June)
|
|10 September 2025, 10:00 - 19 September 2025, 16:00
Subscription period |(Estonian time)
|
Value date |24 September 2025
|
Maturity date |24 September 2028
|
Admission to trading|Application to Nasdaq Tallinn Stock Exchange Baltic Bond
|List
|
First trading day |on or about 25 September 2025
|
|08.09.2025 by the Estonian Financial Supervision
Prospectus approved |Authority
|
|Equity ratio >=35% of total assets;
|Ownership in subsidiaries >=75%;
|Real estate may not be sold or disposed of below market
Covenants |value
|
Arrangers |Redgate Capital and LHV
|
Legal advisor |Law Firm WIDEN
The bonds are unsecured and unsubordinated. This means that any pledged assets
or other collateral do not secure the bonds, and the bondholders' claims are not
preferred over other obligations. The bondholders' claims rank pari passu with
all other unsecured and unsubordinated obligations of Arco Vara AS. In the event
that the issuer experiences financial difficulties, the bondholders' claims will
be satisfied on equal terms together with other creditors of the same ranking.
Offering timetable
|Beginning of the subscription period for the
10.09.2025 at 10.00 |bonds
|
19.09.2025 at 16.00* |End of the subscription period for the bonds
|
|Disclosure of the allocation results of the
22.09.2025 |bonds
|
24.09.2025 or around that date|Transfer of the bonds to investors' securities
|accounts
|
25.09.2025 or around that date|First trading day of the bonds on Nasdaq
|Tallinn Stock Exchange Baltic Bond List
*The custodian may set an earlier deadline for submitting subscription orders.
Submission of subscription orders
In order to subscribe for the bonds during the Offering, an investor must have a
securities account with a Nasdaq CSD SE Estonian branch (hereinafter Nasdaq CSD)
account operator. An investor wishing to subscribe for the bonds should contact
its securities account custodian and submit the subscription undertaking during
the offering period in the form indicated below. By submitting the subscription
undertaking, an investor authorises the custodian who operates the investor's
current account connected to its securities account to immediately block the
whole transaction amount on the investor's current account until the settlement
is completed or funds are released in accordance with the terms set out in the
prospectus.
Owner of the securities account: |Name of the investor
|
Securities account: |Number of the investor's securities
|account
|
Custodian: |Name of the investor's custodian
|
Security: |EUR 8.80 ARCO VARA VÕLAKIRI 25-2028
|
ISIN code: |EE0000002244
|
Amount of securities: |Amount of securities the investor
|wishes to subscribe
|
Price (per bond): |EUR 100
|
|The amount of securities the investor
Transaction amount: |wishes to subscribe multiplied by
|Price (per bond)
|
Counterparty: |Arco Vara AS
|
Securities account of the counterparty:|99113562556
|
Custodian of the counterparty: |AS LHV Pank
|
Value date: |24 September 2025
|
Type of settlement: |?delivery versus payment"
Availability of the prospectus and bond terms
The prospectus and the terms and conditions of the bonds have been published and
are available in electronic form on Arco Vara's website at
https://arcovara.com/en/for-investors/ and on the website of the Estonian
Financial Supervision Authority at https://www.fi.ee
(https://www.fi.ee?utm_source=chatgpt.com).
Investor event
In connection with the public bond offering, Arco Vara will host an autumn
investor event on 10 September 2025 in Lutheri Quarter, Tallinn, where real
estate market trends will be discussed, as well as an overview of Arco Vara's
operations and future plans will be presented. The event will also provide a
more detailed introduction to the bond terms, and participants will have the
opportunity to visit the Lutheri Quarter development project on site. The event
is free of charge and open to all interested parties. Registration for the
investor event is available here: https://forms.gle/FsHyWTocEQbiBVgX7
Before investing in Arco Vara AS bonds, please read the prospectus and bond
terms, and consult with an expert if necessary. This announcement is for
information purposes only. It should not be considered as an offer to sell or a
solicitation of an offer to buy bonds or an invitation to subscribe to bonds.
The bonds of Arco Vara AS will be publicly offered only in Estonia and the sale
or offer of the bonds shall not take place in any jurisdiction where such offer,
invitation or sale would be unlawful without the exception or qualification of
law.
Darja Bolshakova
CFO
Arco Vara AS
[email protected] (mailto:[email protected])