SIA “Marijas 2” has successfully organised the ninth tranche and fourth public offering under the Program for the Issuance of Bonds in the total amount of up to EUR 45 000 000 with ISIN code LV0000802551. Over 50 retail investors from the Baltic states have purchased EUR 5 500 000 worth of secured bonds with yield to maturity at 9% p.a. reaching the maximum aggregate nominal value of the ninth tranche. Issued bonds are listed on the alternative market First North Baltic operated by AS Nasdaq Riga.
The maturity of the bonds is on May 30th, 2024. Total aggregated issued nominal value of bonds is EUR 42 775 000 (including all nine tranches). Proceeds from this tranche will be used to continue financing the development of Novira Plaza office building.
Financial advisors of the bond issue were Evernord UAB FMĮ and Redgate Capital AS, issuing agent and escrow account agent is Šiaulių bankas AB. ZAB Vilgerts SIA is acting as the collateral agent.
About SIA “Marijas 2”
SIA “Marijas 2” was established in December 2020. SIA “Marijas 2” owns and develops a modern A-class office building Novira Plaza in central Riga located at Marijas 2 and Marijas 2A. The building’s architecture was inspired by historical city center and is in-line with modern offices’ design principles. A unique seven-floor building will accommodate 25 000 m2 of safe, convenient and efficient offices and retail premises, underground floors will accommodate 255 parking spaces and bicycle storages.
Novira Plaza is being built according to LEED Gold standard and it will be commissioned in Q1 2024.
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