Invego Group Bonds Seminar 2026
The events introducing Invego Group bonds will take place on March 11th at 15:30 in Estonia and March 17th at 17:00 in Riga. Please contact us on to register for the seminars.
Real estate development group Invego has renewed the group’s structure and continues its next growth cycle by issuing group-level bonds for the first time. Last year, investors oversubscribed bond issue of the group’s Latvian holding company fourfold.
Bond key terms
ISSUER
Invego Group OÜ
NOMINAL
EUR 1,000
COUPON
9.5% p.a, paid quarterly
OFFER PERIOD
5-20 MARCH, 2026
TENOR
4 years
ISSUE VALUE
up to EUR 4,000,000 (in case of oversubscription, up to EUR 8,000,000)
SUBSCRIPTION ENDS
20 March 2026 at 15.30
LISTING
Nasdaq Baltic First North
USE OF FUNDS
Funds will be used within Invego Group and its’ managed real estate development projects to:
- Advance our existing pipeline developments projects
- Together with the project-based bank loans co-finance theconstruction activities
- Accelerate our growth plans in our core markets
INVEGO GROUP MARKETS: Estonia, Latvia, Portugal
TOTAL NUMBER OF HOMES IN PIPELINE: 5,500+ homes
DEVELOPMENT VOLUME IN BOND PERIOD: 2,400 homes
How to subscribe
1. To subscribe to Invego Group bonds, you must have a securities account, which can be opened at your home bank. Companies or other legal entities must possess a LEI code (Legal Entity Identifier) to subscribe to the bonds. To apply for a LEI code, please contact Nasdaq CSD.
2. Invego Group bonds can be subscribed through all banks listed as Nasdaq CSD account operators (LINK). It is important to specify the maximum number of bonds you wish to acquire in the subscription order. The funds required for the subscription must be available on your account at the time the order is submitted; these funds will be blocked until the bonds have been allocated.
3. To submit a subscription application, please select your home bank (where your securities account is located) from the links below:
Invego Group võlakirjade teemaline seminar
11. märts 2026 | 15:00–17:00 I Restoran Sodita (Telliskivi 51a)
Tere tulemast Invego Groupi võlakirjade seminari ametlikule registreerimislehe. Ootame teid 11. märtsil 2026 kell 15.00 seminarile, kus anname ülevaate Invego Groupi tänastest tegevustest, käimasolevatest kinnisvaraprojektidest ning meie strateegilistest arenguplaanidest. Samuti tutvustame lähemalt käimasoleva võlakirjaemissiooni sisu ja eesmärke.
Kuna kohtade arv on piiratud, siis palume täita allolev vorm, et kindlustada oma osalemine. Vajame teie kontaktandmeid, et saata üritusega seonduvaid teavitusi ning järelmaterjale.
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Börsiteated
2026
Date
Time
Subject
Issuer
Language
30 Apr
14:47
Notice on the convened Ordinary General Meeting of Shareholders of AB “KN Energies”
KN Energies
en
30 Apr
13:40
Primary placement auction of additional offers of Lithuanian Government Eurobonds
Nasdaq Vilnius
en
30 Apr
13:13
Schedule of Lithuanian Government debt securities auctions for May 2026 – July 2026
Nasdaq Vilnius
en
30 Apr
13:06
CleanR Grupa raises turnover on the back of investments and business diversification
CleanR Grupa
en
30 Apr
12:02
Regarding the Publication Deadlines of UAB “PRO BRO Group” 2025 Financial Statements
PRO BRO Group
en
Offering Documents and Conditions
Detailed information about the program and the conditions of the Invego Group bonds public offering:
Download
Why Invest?
Investment highlights
- Proven development track record and disciplined execution model
- Diversified residential portfolio across Estonia, Latvia, and Portugal
- Transparent governance and consolidated reporting
Experience
- 10+ years of market experience across residential and commercial development
- More than 1,500 homes and 150,000 m² developed and delivered
- Ranked 3rd residential developer in Estonia (2020–2025) by number of homes sold
Strong financial performance
- €200+ million in sales during 2020–2025, supported by high customer satisfaction
- Flagship developments such as Tiskreoja delivered up to 300% ROI
- Completed projects have delivered returns in the 120–300% range
- Strong, long-standing partnerships with leading investors, construction and architecture firms
- Historical target IRR range: 15–23% (project level)
Diversified revenue streams
- Invego and co-investors have invested approximately €50 million in development projects (land and development costs) as of 01.03.2026
- Development pipeline includes approximately 2,400 homes during the bond period
- 30+ projects across different stages of development
- Expected total sales revenue during the bond period exceeds €600 million
MILESTONES OF
2025
- Invego Group restructuring completed, IFRS implemented
- Launch of 3 new large projects: Vitolu Parks, Marupes Sirds and Miera Rezidences
- Completion of 508 new homes Tiskreoja development
- In total of 183 new homes sold
- Completion of 36 000 m2 business district Krulli Park
MILESTONES OF
2026
- Launched Verve in Estonia and Tornakalna Terases in Latvia, two more to be launched
- Completion of residential developments Uus-Järveküla in Estonia and Parka Kvartals in Latvia
- Construction, operator and financing contracts signed in Silves Hills
- Completion of Telliskivi 51a, including Invego's new HQ
- New partnership signed with EfTEN Special Opportunities Fund
Use of funds
Funds will be used within Invego Group and its’ managed real estate development projects to:
- Advance our existing pipeline developments projects
- Together with the project-based bank loans co-finance theconstruction activities
- Accelerate our growth plans in our core markets
INVEGO GROUP MARKETS: Estonia, Latvia, Portugal
TOTAL NUMBER OF HOMES IN PIPELINE: 5,500+ homes
DEVELOPMENT VOLUME IN BOND PERIOD: 2,400 homes
Korduma kippuvad küsimused
What is an Invego bond?
A bond is a fixed-income financial instrument that represents a debt obligation. It can be viewed as a loan agreement between two parties: the borrower (the bond issuer) and the lender (the bond investor). By purchasing Invego Group bonds, the investor lends money to Invego, and Invego undertakes to pay fixed interest to the bondholder four times per year until the maturity date. On the maturity date, Invego will also repay the nominal value of the bond to the investor.
Has Invego Group issued bonds before?
At the group level, this is Invego Group’s first planned bond issue. However, in spring 2025, Invego Group’s subsidiary Invego Latvia OÜ issued bonds. Investor interest exceeded the originally planned volume nearly fourfold, and those bonds are freely tradable on the Baltic First North market.
What are the main terms of the Invego bond offering?
The volume of the Invego Group bond offering is up to EUR 4 million. In case of oversubscription, Invego has the right to increase the volume up to EUR 8 million. The nominal value of one bond is EUR 1,000, the annual interest rate is 9.5%, and interest is paid quarterly. The maturity of the bonds is 4 years.
Who can subscribe to the bonds?
The bonds may be subscribed to by all natural and legal persons who have a securities account with an account operator registered in Estonia, Latvia, or Lithuania.
What does subscribe to bonds mean?
Subscribing to Invego Group bonds means submitting an expression of interest to acquire the company’s bonds under the terms of the offering.
When must the required funds be available in the investor’s account?
The amount required for subscription must be available in the investor’s account at the time of submitting the subscription order, and it will be reserved until allocation. For example, to subscribe for three bonds, the investor must have EUR 3,000 in their account.
How can I subscribe to Invego bonds?
Invego bonds can be subscribed to through all banks listed in the Nasdaq account operator register (available here). You must have a securities account. Legal entities must also have a valid LEI code.
When do I need to pay for the subscribed bonds?
The corresponding amount will be reserved in your bank account at the time of submitting the subscription order. Settlement is scheduled for 26 March 2026.
How is income from the bonds taxed?
For Estonian resident individuals, bond interest is subject to income tax. When using the investment account system, tax deferrals may apply.
Can I change or cancel my subscription order?
Yes. During the subscription period (5–20 March 2026), you may amend or cancel your order by contacting your bank.
What happens in case of oversubscription?
In case of oversubscription, Invego will decide on allocation on 23 March 2026. The allocation principles will be published in the prospectus. Typically, proportional reduction applies or certain investor categories may be prioritized, such as:
- Estonian investors over foreign investors
- Existing Invego investors
- Employees and clients
What are the minimum and maximum subscription amounts?
The nominal value of one bond is EUR 1,000, which is also the minimum subscription amount. There is no maximum subscription limit.
When will I know how many bonds were allocated to me?
The results of the offering will be published on 23 March 2026. Your personal allocation will be visible in your securities account after settlement (26 March 2026).
What if I do not receive all the bonds I subscribed for?
If fewer bonds are allocated than subscribed, the unused portion of funds will be returned to your bank account.
How to Subscribe?
1. To subscribe to Invego Group bonds, you must have a securities account, which can be opened at your home bank. Companies or other legal entities must possess a LEI code (Legal Entity Identifier) to subscribe to the bonds. To apply for a LEI code, please contact Nasdaq CSD.
2. Invego Group bonds can be subscribed through all banks listed as Nasdaq CSD account operators (LINK). It is important to specify the maximum number of bonds you wish to acquire in the subscription order. The funds required for the subscription must be available on your account at the time the order is submitted; these funds will be blocked until the bonds have been allocated.
3. To submit a subscription application, please select your home bank (where your securities account is located) from the links below:
Disclaimer
This website: https://invego.ee/en/investor/bond-issue2026/ (the Website) provides information regarding the public offer of bonds by Invego Group OÜ. The information presented herein may be summarised, non-exhaustive, indicative and non-binding. The only binding information is in the “Documents” (to the extent indicated therein) as defined in the “Terms and Conditions of Invego Group OÜ Non-Convertible Bond Issue”. The information contained on this Website has not been independently verified. You should not rely upon it or use it to form the definitive basis for any decision, commitment or action whatsoever.
The information presented herein does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information contained on the Website is an advertisement within the meaning of Regulation (EU) 2017/1129. The documents made available on the Website have not been submitted to, reviewed by, confirmed, registered or approved by any regulatory or supervisory authority of any jurisdiction. The bonds are offered based on the documents made available on the Website, in accordance with Article 3(2) of Regulation (EU) 2017/1129 and the respective national legislation of Estonia, Latvia and Lithuania.
Investment in the bonds of Invego Group OÜ discussed herein involves certain risks. The principal risk factors that may affect the ability of Invego Group OÜ to fulfil its obligations are discussed in the ”Information Document for Non-Convertible Bond Issue in the Maximum Aggregate Nominal Value of up to EUR 8,000,000” of Invego Group OÜ which is available on the Website. If any of these risks materialize, the investor may not receive the expected return or may incur partial or complete loss of their investment. The list of risks is reflective of Invego Group OÜ’s understanding of risks related to the issue of bonds as of the date of the information document. The list of risks should not be deemed to be exhaustive. Additional risks and uncertainties relating to Invego Group OÜ that are not currently known, or that are currently deemed immaterial, may individually or cumulatively also have a material adverse effect on the business, prospects, results of operations and/or financial position of Invego Group OÜ and its ability to redeem the bonds.
Before entering into any transaction in respect to the bonds of Invego Group OÜ you must ensure that you fully understand such transaction and have made an independent assessment of the appropriateness of such transaction in the light of your own objectives and circumstances. Prospective investors should carefully acquaint themselves with the Documents before deciding to invest in the bonds. Nothing presented on the Website or in the Documents may be construed as investment, financial, legal, tax, accounting or other specialist advice or a recommendation.
Please consult with an expert, if needed. Investors should conduct their own inquiries into the possible financial, accounting, legal risks and tax consequences associated with the issue of and investment in the bonds.
The bonds of Invego Group OÜ are offered only in Estonia, Latvia and Lithuania. The information contained in this section of the Website is not intended for publication, distribution or transmission, in whole or in part, directly or indirectly, in any other country or in any circumstances in which such publication, distribution or transmission would be unlawful. No sale or offering of the bonds will be made in any jurisdiction other than Estonia, Latvia and Lithuania. No sale or offering of the bonds will be made in any jurisdiction where such offer, solicitation or sale would be unlawful, without any exemption or qualification provided by law, or to persons to whom financial sanctions have been imposed by competent authorities. Persons visiting this Website who are subject to the laws and regulations of any such jurisdiction must inform themselves of and comply with all applicable restrictions or requirements.