AS Baltic RE Group subsidiary completed the private placement of EUR 3 million of profit-sharing bonds at 2.25% yield

SIA Baltic Re Properties, a fully owned subsidiary of AS Baltic RE Group, has completed the private placement of corporate Step-up Profit Sharing Bonds. The total face value of the issue is EUR 3,000,000.00 and it shall be used up for turn-around of the property at 2 Kr. Barona Street, Riga, that has been recently acquired, as well as for acquisition of new properties that align with the Group’s strategy. The bonds are unsecured and have a 5 years maturity, with an annual coupon fixed at 2.25% plus a potential additional variable Step-up Interest Rate Increase up to 2.50%, conditioned to reaching Target Revenues by the Issuer. 

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