{"id":5230,"date":"2025-09-08T11:10:10","date_gmt":"2025-09-08T11:10:10","guid":{"rendered":"https:\/\/arcovara.com\/?page_id=5230"},"modified":"2026-03-12T14:19:48","modified_gmt":"2026-03-12T14:19:48","slug":"for-investors","status":"publish","type":"page","link":"https:\/\/arcovara.com\/en\/for-investors\/","title":{"rendered":"For Investors"},"content":{"rendered":"    <section class=\"block hero textbg textalignmiddle\">\r\n        <div class=\"hero__slider swiper-container\">\r\n            <div class=\"swiper-wrapper\">\r\n                                    <div class=\"swiper-slide\">\r\n                                                    <video class=\"hero__video\" autoplay muted playsinline preload >\r\n                                <source src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/veebibanner_lutheri_kvartal_tekstita_1920x1080.mp4\" type=\"video\/mp4\">\r\n                            <\/video>\r\n                                            <\/div>\r\n                \t\r\n            <\/div>\r\n\r\n            <div class=\"swiper-pagination\"><\/div>\r\n        <\/div>\r\n        <div class=\"container\">\r\n             \r\n            <div class=\"hero__content \">\r\n\r\n                \r\n                \r\n                            \r\n                <div class=\"hero__text \">\r\n                                            <h1 class=\"title\">Arco Vara bonds<\/h1>\r\n                                                                <p class=\"subtitle\">Arco Vara public bond offer took place from<br><b>10 September to 19 September 2025<\/b><\/p>\r\n                                                        <\/div>\r\n                \r\n            <\/div>\r\n        <\/div>\r\n       \r\n    <\/section>\r\n\n\n<div class=\"block block-heading gutters\">\n<h2 class=\"wp-block-heading has-text-align-center has-arco-red-color has-text-color has-link-color wp-elements-62fb1a42a1ba98d1c9c9ff4cb7433183\"><strong>Arco Vara public bond offer details<\/strong><\/h2>\n<\/div>\n\n\r\n<section class=\"block vaartpaberi-and-aktsionaride\">\r\n    <div class=\"container\">\r\n        <div class=\"securities__content\">\r\n            <div class=\"vaartpaberi__block\">\r\n                <h2 class=\"vaartpaberi__block_title title title-red\">\r\n                                    <\/h2>\r\n                <p class=\"vaartpaberi__block_subtitle\">\r\n                                    <\/p>\r\n            <\/div>\r\n            <div class=\"vaartpaberi__block aktsionaride-vaartpaberi__block\">\r\n                <h2 class=\"vaartpaberi__block_title title title-red\">\r\n                                    <\/h2>\r\n                <p class=\"vaartpaberi__block_subtitle\">\r\n                                     <\/p>\r\n            <\/div>\r\n        <\/div>\r\n        <div class=\"securities__content\">\r\n                            <div class=\"vaartpaberi__block_table\">\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Security                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    EUR 8.80 ARCO VARA BOND 25\u20132028                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                ISIN                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    EE0000002244                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Listing                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    Nasdaq Tallinn Stock Exchange Baltic Bond List                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Total issue size                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    EUR 15,000,000                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Issue price                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    EUR 100                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Annual interest rate                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    8,8% per annum                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Interest payments                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    Quarterly (24 September, 24 December, 24 March, 24 June)                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Trading                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    25 September 2025                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                Maturity                            <\/div>\r\n                                                            <div class=\"vaartpaberi__block_table-text\">\r\n                                    24 September 2028                                <\/div>\r\n                                                    <\/div>\r\n                                            <div class=\"vaartpaberi__block_table-row\">\r\n                            <div class=\"vaartpaberi__block_table-name\">\r\n                                <b>Application for Receiving Full Bond Interest Payments<\/b><br><span class=\"text_normal\">If you are an Estonian tax resident and the bonds have been acquired through an investment account, it is possible to defer the income tax obligation arising from interest income by submitting an application for exemption from income tax withholding. <\/span><br><br><a href=\"https:\/\/www.lhv.ee\/et\/arco-vara-avaldus\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"btn\">Fill in the application<\/a>                            <\/div>\r\n                                                    <\/div>\r\n                                    <\/div>\r\n                        <div class=\"vaartpaberi__block vaartpaberi__block-mob\">\r\n                <h2 class=\"vaartpaberi__block_title title title-red\">\r\n                                    <\/h2>\r\n                <p class=\"vaartpaberi__block_subtitle\">\r\n                                     <\/p>\r\n            <\/div>\r\n                            <div class=\"aktsionaride__block_table\">\r\n                                            <div class=\"aktsionaride__block_table-row\">\r\n                            <div class=\"aktsionaride__block_table-name\">\r\n                                <a style=\"font-weight:300;text-decoration: underline\" href=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/prospekt_arco_vara_volakirjad_8.8_25-2028_2025-09-08_signed.pdf\" target=\"_blank\">    Prospectus (EST) <\/a>                            <\/div>\r\n                            <div class=\"aktsionaride__block_table-text\">\r\n                                                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"aktsionaride__block_table-row\">\r\n                            <div class=\"aktsionaride__block_table-name\">\r\n                                <a style=\"font-weight:300;text-decoration: underline\" href=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/arco-vara-as-volakirjade-25-2028-kokkuvote.pdf\" target=\"_blank\">    Prospectus Summary (EST) <\/a>                            <\/div>\r\n                            <div class=\"aktsionaride__block_table-text\">\r\n                                                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"aktsionaride__block_table-row\">\r\n                            <div class=\"aktsionaride__block_table-name\">\r\n                                <a style=\"font-weight:300;text-decoration: underline\" href=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/investor-presentation-arco-vara-bonds-2025-2.pdf\" target=\"_blank\">   Investor Presentation <\/a>                            <\/div>\r\n                            <div class=\"aktsionaride__block_table-text\">\r\n                                                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"aktsionaride__block_table-row\">\r\n                            <div class=\"aktsionaride__block_table-name\">\r\n                                <a style=\"font-weight:300;text-decoration: underline\" href=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/arco-vara-as-volakirjade-25-2028-tingimused-1.pdf\" target=\"_blank\">    Terms and Conditions (EST) <\/a>                            <\/div>\r\n                            <div class=\"aktsionaride__block_table-text\">\r\n                                                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"aktsionaride__block_table-row\">\r\n                            <div class=\"aktsionaride__block_table-name\">\r\n                                <a style=\"font-weight:300;text-decoration: underline\" href=\"https:\/\/arcovara.com\/en\/trade-information\/#financial-reports\" target=\"_blank\">    Financial Statements <\/a>                            <\/div>\r\n                            <div class=\"aktsionaride__block_table-text\">\r\n                                                            <\/div>\r\n                        <\/div>\r\n                     \r\n                     \r\n                        <div class=\"aktsionaride__block_text\">\r\n                            <p>The public offering of Arco Vara bonds, listed for the first time on the Nasdaq Tallinn Stock Exchange Baltic Bond List, was held from 10 September to 19 September 2025. The results of the offering have been published in a <a href=\"https:\/\/view.news.eu.nasdaq.com\/view?id=1389365&amp;lang=en\">stock exchange announcement<\/a>.<\/p>\n<p>In total, 3,392 investors participated in the public offering, subscribing for bonds in the amount of 21.9 million euros, representing an oversubscription of 2.2 times. As a result, Arco Vara increased the total issue volume to 150,000 bonds, or EUR 15 million. The bonds will be transferred to investors\u2019 securities accounts on September 24, 2025, and trading on the Baltic Bond List of Nasdaq Tallinn Stock Exchange is anticipated to commence on September 25, 2025.<\/p>\n                        <\/div>\r\n                                    <\/div>\r\n                       \r\n        <\/div>\r\n    <\/div>\r\n<\/section>\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"block block-heading gutters\">\n<h2 class=\"wp-block-heading has-text-align-center has-arco-red-color has-text-color has-link-color wp-elements-6694294d98b663a3589feeeeb021bc8f\"><strong>Public bond offer to finance the Luther Quarter development in central Tallin<\/strong>n<\/h2>\n<\/div>\n\n<div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p class=\"has-text-align-center\">The purpose of the bond offer is to finance one of the largest and most ambitious development projects in the center of Tallinn \u2013 ransforming the Luther Quarter into a modern residential and commercial environment on a historic industrial site.<\/p>\n<\/div><\/section><\/div>\n\n<div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p class=\"has-text-align-center\">Bordered by P\u00e4rnu maantee, Tatari, Vana-L\u00f5una, and Vineeri streets, the Luther Quarter will combine residential units, office and retail spaces, and a food street. The area will also include a park. As part of the development, historic industrial buildings will be preserved and restored and integrated into the newly built urban environment.<\/p>\n<\/div><\/section><\/div>\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer margintop-minus50\"><\/div>\n\n\n\r\n\r\n<section class=\"block numbers-block columns3\">\r\n    <div class=\"container\">\r\n                <h2 class=\"title title-red title-center\">\r\n            Key facts about the Luther Quarter        <\/h2>\r\n                            <div class=\"numbers__content\">\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/korter-e1756294197619.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                454                            <\/span>\r\n                                                                            <p>\r\n                                residential units                            <\/p>\r\n                                            <\/div>\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/aripind-e1756294249646.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                18\u202f500 m\u00b2                            <\/span>\r\n                                                                            <p>\r\n                                of commercial space                            <\/p>\r\n                                            <\/div>\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/parkla-e1756294280943.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                615                            <\/span>\r\n                                                                            <p>\r\n                                Underground parking spots                            <\/p>\r\n                                            <\/div>\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/investeering-e1756294341139.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                205                            <\/span>\r\n                                                                            <p>\r\n                                EUR million total investment                            <\/p>\r\n                                            <\/div>\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/kalender-e1756294365234.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                2026                            <\/span>\r\n                                                                            <p>\r\n                                Construction starts                            <\/p>\r\n                                            <\/div>\r\n                                    <div class=\"numbers_block\">\r\n                                                                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/08\/peatoovotja-e1756294392236.png\" alt=\"\">\r\n                                                                            <span class=\"numbers_text_red\">\r\n                                Arco Tarc                            <\/span>\r\n                                                                            <p>\r\n                                Contractor                            <\/p>\r\n                                            <\/div>\r\n                \t\r\n            <\/div>\r\n            <\/div>\r\n<\/section>\r\n\n\n<section class=\"block ajalugu-slider\" >\r\n    <div class=\"container\">\r\n        <div class=\"ajalugu-slider_text\">\r\n            <h2 class=\"title title-red\">\r\n                Luther Quarter development timeline            <\/h2>\r\n            <p>\r\n                            <\/p>\r\n            \r\n        <\/div>\r\n                    <div class=\"ajalugu-slider_slider\">\r\n                <div class=\"swiper-wrapper\">\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2025                                <\/span>\r\n                                <p>Arco Vara acquired the Luther Quarter properties<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2026                                <\/span>\r\n                                <p>Construction of the Luther Quarter begins<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2027                                <\/span>\r\n                                <p>First loft-style homes completed<br \/>\nFirst restaurants open<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2028                                <\/span>\r\n                                <p>Aparthotel completed<br \/>\nFine-dining restaurant opens<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2029                                <\/span>\r\n                                <p>Sports club begins operations<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2030                                <\/span>\r\n                                <p>Bookstore opens<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2031                                <\/span>\r\n                                <p>Food market opens<br \/>\nJazz club opens<br \/>\nHalf of the new buildings in the quarter completed<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2033                                <\/span>\r\n                                <p>Convenience store opens<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2034                                <\/span>\r\n                                <p>Sales of the final apartments begin<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                                            <div class=\"swiper-slide\">\r\n                            <div class=\"ajalugu__icon\"><\/div>\r\n                            <div class=\"ajalugu-slider_text\">\r\n                                <span>\r\n                                    2035                                <\/span>\r\n                                <p>Luther Quarter fully completed<\/p>\n                            <\/div>\r\n                        <\/div>\r\n                    \t\r\n                <\/div>\r\n                <div class=\"swiper-button-prev\"><\/div>\r\n                <div class=\"swiper-button-next\"><\/div>\r\n            <\/div>\r\n            <\/div>\r\n<\/section>\n\n\r\n<section class=\"block textImage2  \"  >\r\n    <div class=\"textImage2__block \">\r\n        <div class=\"container\">\r\n            <div class=\"textImage2__block_text\">\r\n                <h2 class=\"title title-red\">\r\n                    Offering schedule                <\/h2>\r\n                <div class=\"text\">\r\n                    <ul>\n<li><strong>September 10, 2025<\/strong> Subscription period begins<\/li>\n<li><strong>September 19, 2025<\/strong> Subscription period ends<\/li>\n<li><strong>September 22, 2025<\/strong> Announcement of results<\/li>\n<li><strong>September 24, 2025<\/strong> Settlement date<\/li>\n<li><strong>September 25, 2025<\/strong> Trading begins<\/li>\n<li><strong>September 24, 2028<\/strong> Maturity date<\/li>\n<\/ul>\n                <\/div>\r\n                            <\/div>  \r\n        <\/div>\r\n                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/216_-2-scaled.jpg\" alt=\"\" class=\"textImage2__img\">\r\n            <\/div>\r\n    \r\n<\/section>\n\n\r\n<section class=\"block textImage2  \"  >\r\n    <div class=\"textImage2__block left\">\r\n        <div class=\"container\">\r\n            <div class=\"textImage2__block_text\">\r\n                <h2 class=\"title title-red\">\r\n                    About Arco Vara                <\/h2>\r\n                <div class=\"text\">\r\n                    <p>Arco Vara is a real estate group established in Estonia in 1992. Since 2007, Arco Vara shares have been listed on the Nasdaq Tallinn Stock Exchange, offering investors the opportunity to participate in the company\u2019s growth and developments. The Group\u2019s development projects have focused primarily on the Estonian, Latvian, and Bulgarian markets.<\/p>\n<p>Arco Vara develops residential environments, the most well-known of which are the Kodulahe Quarter in Tallinn, Botanica Lozen near the Bulgarian capital Sofia, and the Arcoj\u00e4rve residential area near Lake Harku. The Arco Vara Real Estate Agency operates in Estonia under a valid license, providing a wide range of brokerage and valuation services. Construction works are carried out by the Group\u2019s subsidiary Arco Tarc O\u00dc, which operates as the general contractor and is certified in accordance with international quality standards.<\/p>\n<p>Our mission is to create homes that last and meet the needs of families for generations. We are committed to well-planned developments, high construction quality, and delivering on our promises.<\/p>\n                <\/div>\r\n                            <\/div>  \r\n        <\/div>\r\n                            <img decoding=\"async\" src=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/09\/arcovara14072024-187-scaled.jpg\" alt=\"\" class=\"textImage2__img\">\r\n            <\/div>\r\n    \r\n<\/section>\n\n<section class=\"block advantages advantages-no-text mt-0 mb-0\" >\r\n    <div class=\"container\">\r\n        <div class=\"advantages__content\">\r\n            <div class=\"advantages__numbers\">\r\n                                <div class=\"advantages__number\">\r\n                    <span>30+<\/span>\r\n                    <p>YEARS OF EXPERIENCE<\/p>\r\n                <\/div>\r\n                                <div class=\"advantages__number\">\r\n                    <span>2800+<\/span>\r\n                    <p>NEW HOMES<\/p>\r\n                <\/div>\r\n                                <div class=\"advantages__number\">\r\n                    <span>380 000+<\/span>\r\n                    <p>m\u00b2 DEVELOPED<\/p>\r\n                <\/div>\r\n                                <div class=\"advantages__number\">\r\n                    <span>79 000 000+<\/span>\r\n                    <p>EUR TOTAL ASSETS<\/p>\r\n                <\/div>\r\n                \t\r\n            <\/div>\r\n                    <\/div>\r\n    <\/div>\r\n<\/section>\r\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p class=\"has-text-align-center has-small-font-size\">As of Q2 2025*<\/p>\n<\/div><\/section><\/div>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-arco-white-color has-arco-red-background-color has-text-color has-background has-link-color has-medium-font-size has-text-align-center has-custom-font-size wp-element-button\" href=\"https:\/\/arcovara.com\/en\/homes-for-sale\/\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more about our developments<\/a><\/div>\n<\/div>\n\n\n<section class=\"block accordionText\">\r\n    <div class=\"container\" >\r\n        <div class=\"accordionText__content\">\r\n            <div class=\"accordionText__text\">\r\n                <h2 class=\"title\">\r\n                    FAQ                <\/h2>\r\n                <p>\r\n                                    <\/p>\r\n                            <\/div>\r\n                        <div class=\"accordionText__accordion\">\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>What is a bond?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>A bond is a security that allows an investor to lend money to an issuer under specific conditions. In return, the investor receives regular interest payments and, on maturity date, gets back the initial investment. The detailed terms and conditions of the public bond offering are available in the prospectus.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>What is the nominal price?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>The nominal, or par value, is the value assigned to a security when it is issued, i.e., the price of the bond. The nominal price of an Arco Vara bond is 100 euros.<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>How does an investor earn from bonds?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>Income from bonds can be earned through interest payments and\/or price changes in the bond\u2019s value. Interest payments on Arco Vara bonds are made to investors four times a year.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>Are bonds tradable?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>Arco Vara bonds are listed on Nasdaq Tallinn stock exchange, allowing them to be bought and sold on the secondary market.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>Why is Arco Vara issuing new bonds?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>The purpose of the Arco Vara bond offering is to finance one of the largest and most ambitious development projects in the center of Tallinn \u2013 the transformation of the Luther Quarter into a modern residential and commercial environment on a historic industrial site.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>How can I submit a subscription order for the bonds?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>Arco Vara bonds can be subscribed through your custodian bank. Subscriptions can be made via all banks listed as Nasdaq account operators as well as via the Lightyear investment platform. To subscribe via online banking, you must have a securities account. Legal entities must have a valid LEI code to hold the bonds.<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>What are the minimum and maximum subscription amounts?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>The nominal value of an Arco Vara bond is EUR 100, which also represents the minimum subscription amount. There is no maximum limit on the number of bonds that can be subscribed.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>When must the funds required for the subscription be available in the account?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>The amount corresponding to the subscribed bonds will be reserved from your bank account at the time the subscription order is submitted. The actual settlement will take place on the Settlement Date, 24 September 2025.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                                    <div class=\"accordionText__accordion_item\">\r\n                        <div class=\"accordionText__accordion_question\">\r\n                            <p>What happens in the event of oversubscription?<\/p>\r\n                        <\/div>\r\n                        <div class=\"accordionText__accordion_answer\">\r\n                            <p>If the bond offering is oversubscribed, the bonds will be allocated on a pro-rata basis or according to another method determined in advance. In the event of oversubscription, Arco Vara reserves the right to give preference to existing Arco Vara investors (as of 9 September 2025) and to retail investors.\r\n<\/p>\r\n                        <\/div>\r\n                    <\/div>\r\n                            <\/div>\r\n                    <\/div>\r\n    <\/div>\r\n<\/section>\n\n<section class=\"block block-contact\">\n    <div class=\"form-mob\">\n        <div class=\"quote\">\n            &#8220;Need help? For questions or additional information, please feel free to contact us!&#8221;        <\/div>\n        <br \/>\n<b>Warning<\/b>:  Undefined variable $image in <b>\/data01\/virt80273\/domeenid\/www.arcovara.com\/uus\/wp-content\/themes\/arcovara\/blocks\/block-contact\/block-contact.php<\/b> on line <b>26<\/b><br \/>\n    <\/div>        \n    <div class=\"form__top\">\n        <div class=\"container\">\n            <div class=\"form__top_content\">\n                <div class=\"tookuulutused__form\">\n                    <script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof 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