On August 19, UAB "Sostines bokštai," a company associated with one of Lithuania's largest real estate developers, "Realco," will begin the public offering of a fourth bond tranche of €4 million euros. This is the fourth tranche of the bond issue, which raises funds for the "Hero" business center being developed in Vilnius' central business district. In the previous three tranches, investors purchased bonds worth €19,5 million. In this stage, investors from Lithuania, Latvia, and Estonia will be offered debt securities with a maturity of up to 2 years. The fulfillment of obligations is guaranteed by collateral, which includes land and buildings. The nominal value of each bond is €1,000, and investors will receive an annual interest rate of 6-month EURIBOR + 6%, paid semiannually. The subscription period for the bonds runs until September 4 of this year, with the issuance date set for September 6. The final redemption date for the bond issue is May 18, 2026. The bond issue is being distributed in Lithuania, Latvia, and Estonia by "Redgate Capital," Šiauliu Bankas and the investment management company "Evernord." The issued bonds are planned to be traded on the "First North" alternative securities market of NASDAQ Vilnius. This will be the fourth tranche of a bond issue to finance the construction of the "Hero" business center. The third bond issue of €6 million in May this year attracted 295 applications from Lithuania, Latvia and Estonia. The majority were retail investors-95% of bond buyers invested amounts up to €100,000, collectively purchasing 43% of the total issuance. The total investment in the "Hero" business center, being developed in Vilnius' central business district, will amount to €112 million. It is planned to borrow about 60% of this amount - up to €67 million - from the public capital markets. "Hero" business center will be the first in Lithuania to achieve two international sustainability and healthy building certifications - WELL Gold and Breeam Excellent. The A++ energy efficiency class business center is scheduled for completion in the third quarter of 2025. It offers 31,600 sqm of leasable area and up to 4,000 sqm of office space on one floor, with 430 underground parking spaces. Information about the conditions and documents of the fourth bond tranche is available on the Issuer's website: https://bc-hero.lt/en/investuotojams/ UAB "Sostines bokštai" is a project company established for the development and leasing of the "Hero" business center. UAB "Realco", which manages the "Hero" project on a contractual basis, is one of the largest real estate developers in Lithuania, successfully developing residential, public and commercial projects. Since its inception in 2006, "Realco" has offered over 243,800 sqm of residential and commercial space and is currently developing an additional portfolio of 121,500 sqm of space.
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