Today is the last day to subscribe to Arco Vara bonds with an annual interest rate of 8.8%

The public bond offering of real estate developer Arco Vara, aimed at raising capital for the development of the Luther Quarter in the centre of Tallinn, closes on Friday at 16:00. The nominal value of each bond is 100 euros, with an annual interest rate of 8.8% and quarterly payments.

According to Darja Bolšakova, CFO of Arco Vara, investors should note that while the official subscription period ends on Friday at 16:00, earlier deadlines may apply depending on investor’s online bank. “We recommend that investors place their subscription orders in advance,” Bolšakova said. Subscription orders can be submitted through all banks in Estonia that provide investment services.

Kristina Mustonen, CEO of Arco Vara emphasized that raising capital enables investors to take part in one of the most significant development projects in the capital – transforming the Luther Quarter into a new landmark in the heart of Tallinn. “The public bond issue gives Arco Vara the opportunity to raise capital directly from people who believe in our vision and want to be part of our next stage of growth,” she noted. The total investment in the Luther Quarter project amounts to 200 million euros.

The total volume of Arco Vara’s bond issue is 10 million euros, with the option to increase up to 15 million euros in the case of oversubscription. The maturity date of the bonds is 24 September 2028, and the securities will be listed on the Baltic Bond List of Nasdaq Tallinn Stock Exchange.

In connection with the bond issue, Arco Vara held an investor event on 10 September at the Luther Quarter, where the company presented its activities, future plans, and the ongoing bond offering. A recording of the event is available on Arco Vara’s website: https://arcovara.com/en/for-investors/.