Congratulations to the teams of Ž𝐚𝐛𝐨𝐥𝐢𝐬 𝐢𝐫 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐢𝐚𝐢 𝐤𝐚𝐩𝐢𝐭𝐚𝐥𝐨 𝐯𝐚𝐥𝐝𝐲𝐦𝐚𝐬 and RELEVEN on our first #realestate bond issue.
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Issuing bonds has become a common source of financing for real estate developers in the Baltics - and investing in bonds has become a trusted options also for private investors. A summary in today's Verslo žinios of Zabolis Partners' first real estate bond issue for RELEVEN's #SanguskuParkas. In short: with secured bank financing and a pledge to the underlying asset we attracted 192 investors to the 6 million Euro issue. With a smaller minimum investment level, we'd have attracted more, but would've left larger participants disappointed with less of their commitments fulfilled. Link to the article in the comments. Big thanks to Martynas Cimbalas and Domas Silenskis for their excellent overview of our process.
