Real estate developer's bonds
UAB “Vanagas Asset Management,” Lithuanian investment holding company financing real estate development, is conducting a public offering of a €3 million bond issuance tranche. Investors are being offered an annual yield of 10%.
The raised funds will be used to partially finance the issuer’s ongoing and planned real estate development projects in Vilnius, as well as to fund the company’s working capital, including short-term lending to the company’s project subsidiaries.
Vanagas Asset Management is part of the broader Vanagas Group, which owns well-known companies in Lithuania, including Citus, Demus Asset Management, Oxygen, and Profitus.
| Tranche size | Maturity | Coupon rate | Coupon payment rate | Minimal investment sum | Distribution dates |
| 3 M EUR | 2.5 years | 10% | Semi-annual | 1 000 EUR | 31th March – 25th April, 2025 |
Watch investor call
Invetsment highlights
The company develops unique real estate projects, including innovation-driven spaces, multifunctional conversions and both residential and commercial RE. It has 8 on-going RE development projects in Vilnius and the rest of Lithuania with at least 10 more launching in 2025-2026.
The Issuer’s consolidated equity exceeds 31 mEUR. Consolidated Equity/Assets ratio above 85% in 2024.
First rank pledge of the shares of Group companies (funds) developing real estate projects in Vilnius. Ratio of nominal value of outstanding bonds to the net asset value of pledged shares (LTV) can not exceed 0,5.
How to invest?
Contact the financial brokerage company/bank handling your securities account for the submission of an investment order.
If you do not have an investment services agreement concluded with a financial intermediary, leave your contacts in the provided form and Orion investment consultant will contact you. Otherwise send us an email to: bonds@orion.lt.
Related documents:
Information Memorandum (EN) | Information document (EN) | Final Terms (EN)
Orion Securities recommends to consult with your financial advisor and evaluate all the risks associated with the financial instrument and/or other circumstances that are significant to you before making an investment decision.
