Hepsor prepares a bond programme

Core Viewpoint - Hepsor is preparing a bond programme in collaboration with LHV Pank to diversify its financing structure and secure capital for its diverse project portfolio across Estonia, Latvia, and Canada [1][2]. Group 1: Bond Programme Details - The bond programme aims to provide flexible access to capital, allowing the company to respond quickly to favorable market conditions for investment opportunities [2]. - The raised capital will be allocated to ongoing and new residential and commercial development projects, with a total of 30 projects in various stages: 15 in Estonia, 10 in Latvia, and 5 in Canada [2]. - The bond programme is designed for retail investors, linking the raised capital to the overall development plan rather than specific projects, thus diversifying risk [3]. Group 2: Listing and Investor Engagement - Hepsor plans to list the bonds on the Baltic Bond List of the Nasdaq Tallinn Stock Exchange, with shares already listed on the main list since 2021 [4]. - The company will hold investor meetings in Estonia on November 13 and in Latvia on November 14, where the CEO will discuss the development portfolio and the bond programme [5]. Group 3: Regulatory and Company Background - The public offering of the bonds is contingent upon the approval of the prospectus by the Financial Supervision Authority, with further notices to be issued regarding the offering details [6]. - Founded in 2011, Hepsor has evolved from a builder of apartment buildings to a modern developer of residential and commercial real estate, focusing on innovation and environmentally conscious practices [7].