"Ellex Advises Volta SKAI on Successful EUR 8 Million Bond Issuance"

"Ellex has assisted Volta SKAI, an Estonian real estate company, in issuing EUR 8 million in bonds, which were significantly oversubscribed at EUR 17.7 million. The offering attracted 112 investors from the Baltics, with funds raised to refinance existing debts and finance the construction of a new high-rise project in North Tallinn. The project will feature two 12-story towers and aims to become a landmark in the area."

Ellex law firm has advised Volta SKAI, an Estonian company affiliated with local real estate developer Endover, on a successful EUR 8 million bond issuance. The bond issuance attracted significant investor interest, with subscriptions totaling EUR 17.7 million, making it 2.2 times oversubscribed. The public offering garnered participation from 112 investors across the Baltics, including investment funds, asset management companies, and seasoned private investors. Due to the high demand, bonds were ultimately allocated to 61 investors, with a minimum investment threshold set at EUR 100,000. The capital raised will be utilized to refinance existing obligations and to finance the construction of the first tower of the Volta SKAI high-rise, which is set to become a new landmark in North Tallinn, featuring two 12-story towers with panoramic views of Tallinn Bay and the Old Town. The Ellex team involved in this transaction included Partner Gerli Kivisoo, Senior Associate Kevin Gerretz, and Lawyer Hendrik Viimsalu.

"Ellex Advises Volta SKAI on Successful EUR 8 Million Bond Issuance"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads