Nasdaq Welcomes Liven to Baltic Bond List

24.05.2024 RIG, TLN, VLN

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 24, 2024 – Nasdaq (NDAQ) announces that green bonds issued by the Estonian real estate developer Liven were listed on the Nasdaq Baltic Bond List by Nasdaq Tallinn as of today. It is the first green bond issue that has been listed on the Nasdaq Tallinn stock exchange.

The size of the unsecured green bond issue is EUR 6.2 million. Each bond has a nominal value of EUR 1,000. They have a fixed annual coupon rate of 10.5% with quarterly payments. The bonds mature on May 23, 2028.

The listing of the bonds follows Liven’s public bond offering to Estonian investors. Based on demand for the bonds of EUR 14.5 million, the base amount of the offering – EUR 4 million – was oversubscribed by more than 3.6 times. A total of 2,819 investors subscribed to the bonds.

“It’s great to see another ambitious Estonian company using the power of the public market to finance their growth and at the same time provide new investment opportunities for the Baltic investors,” said Kaarel Ots, CEO of Nasdaq Tallinn and the Head of the Nasdaq Baltic Stock Exchanges. “The result – 2,800 investors and more than 3 times oversubscribed offer – illustrates that Liven’s offering was very attractive for the investors.”

Andero Laur, CEO of Liven commented: “The raised capital allows Liven to grow and acquire new properties for development, where we can build environmentally friendly, well-thought-out and excellently designed homes. Becoming a public company is important in increasing Liven’s transparency and credibility, and is also an important step towards the future planned share issue. We are glad that there were several Liven clients among the investors, and we hope that among the new investors there will be people who will choose the development created by Liven as their home in the future.”

Liven is an Estonian residential real estate developer established in 2014. More than 700 homes have been created during this time, and today nearly 1500 homes are currently in different stages of development. Read more: https://liven.ee/en/

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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com

Media Contacts:
Ott Raidla
Nasdaq Tallinn / Nasdaq Baltic Market
Marketing and Communications Manager
ott.raidla@nasdaq.com
+372 5552 4824