TGS Baltic has advised Invego Latvia on its EUR 8 million secured bond issue, with the bonds now admitted to trading on the Nasdaq Baltic First North alternative market in Tallinn. Triniti reportedly acted as the collateral agent.
Invego Group is a real estate developer active in Estonia, Latvia, and Portugal, focused on large-scale residential and business quarters with an integrated urban concept.
According to TGS Baltic, the public offering was nearly four times oversubscribed, with total subscriptions reaching EUR 15.8 million. A total of 2038 investors participated in the offering, with 69% from Estonia, 29% from Latvia, and 2% from Lithuania.
The TGS Baltic team included Partners Kirsti Pent, Inese Hazenfusa, and Linda Strause, Senior Associates Olger Kaelep and Laura Erkske, and Associate Rainer Urmas Maine.
