On 21 March, 2014 the latest Arco Vara is planning to issue bonds as targeted
issue in the maximum amount of 200 000 euros with interest rate no higher than
10% per year. The interest payments of the bonds will be made quarterly and the
bonds will be redeemed on the maturity date. The maturity date will be set for
maximum 18 months. The issued bonds will be guaranteed by a mortgage. The bond
issue is targeted to the existing shareholders of Arco Vara.
Proceeds of the bond issue will be used for real estate developments in Estonia.
Evelin Kanter Lawyer Arco Vara AS Phone: +372 614 4594 evelin.kanter@arcovara.ee
Proceeds of the bond issue will be used for real estate developments in Estonia.
Evelin Kanter Lawyer Arco Vara AS Phone: +372 614 4594 evelin.kanter@arcovara.ee