Demand for “KAITA Living” Bond Offering Exceeded EUR 8 Million

Nasdaq VilniusAnnouncement from the exchange

Demand for “KAITA Living” Bond Offering Exceeded EUR 8 Million

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Real estate management company KAITA Living, part of the KAITA Group managing aEUR 58 million rental apartments portfolio in central Vilnius, has successfullycompleted the public placement of a EUR 2 million bond tranche with an 11.5%annual yield.

Investor demand reached EUR 8.083 million, exceeding the initial trancheoffering more than fourfold. Exercising the option provided in the bond terms,the issuer decided to increase the offering size to EUR 8 million. Investorsfrom Lithuania, Estonia, and Latvia actively participated in the offering,submitting over 800 investment orders in total.

The proceeds will be used to refinance two bond issues originally placed in2023. The bonds have a 2-year maturity and are expected to be listed on theNasdaq Vilnius First North alternative market within six months.

“We are pleased with the exceptionally strong interest from investors - itreflects growing confidence in our group and in the business model of ourrental apartments' operations. Strategically chosen locations, rapidly growingdemand, and a sustainable operating model have allowed us to maintain a 98%occupancy rate across our rental projects. We believe this bond offeringappealed to investors seeking asset-backed returns and stable, predictablerental cash flows,” says Ugnius Latvys, CEO of KAITA Group.

KAITA Group is one of the largest real estate development companies inLithuania, having completed 26 projects across the country. It manages thelargest rental apartments portfolio in Lithuania - over 550 apartments, andnearly 1,000 apartments across Europe. In Vilnius, the group is currentlydeveloping the “Moods”, “Newton”, and “OFF” projects, with a total of 685planned apartments.

“Since the beginning of 2025, we have seen more than 10 bond offerings fromreal estate developers and operators across the Baltic market. What sets KAITALiving apart is that the issuer manages fully developed, centrally locatedassets with high occupancy rates, and operates a business model based onrecurring and relatively predictable rental income. We believe thesecharacteristics, along with the offered security package, contributed to thestrong demand from investors in Lithuania, Latvia, and Estonia,” commentsMykantas Urba, Head of Investment Banking at Orion Securities.

The bond offering and placement was organized by Orion Securities.https://view.news.eu.nasdaq.com/view?id=b298c98c0d8d284ec8a351aadef84fbdf&lang=en&src=omxlink