Redgate Capital acts as adviser to real estate developer Mainor Ülemiste, whose second bond issue is now trading on Nasdaq Baltic First North bond market
01The Estonian real estate developer Mainor Ülemiste has issued a new bond consisting of up to 26,500 bonds on November 8, 2017. The aggregate value of the bond issue will amount to 2.65 million euros. The nominal value of a bond is 100 euros, coupon rate is 5.5% per annum which is paid out semi-annually. The bonds will mature on April 5, 2023. The company has the right to increase the issue up to 10 million euros.
“It´s great to see that not only is Mainor Ülemiste leading the creation of a major new contemporary city district in Tallinn, but is doing it in the most transparent way – financing the development by listing issued bonds on First North market designed for ambitious growth companies, offering liquidity for its investors and developing the local capital markets all at once,” said Kaarel Ots, CEO of Nasdaq Tallinn.
“It’s been over two years since our previous bonds were admitted to trading, so it is only natural development to bring new Mainor Ülemiste bonds to First North. We wish to attract capital via bond or share issues from capital markets in the future and be visible to new potential investors,” said Margus Nõlvak, CEO of Mainor Ülemiste. “Current issue will be admitted to trading on Nasdaq Baltic alternative market First North, but there is a possibility that Mainor Ülemiste’s securities would get listed on regulated market in Nasdaq Baltic bond list if projects and issue size increases.”
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB, Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Media Relations Contact:
+372 5552 4824
Read Nasdaq Tallinn press release here.