Real Estate Investment Company Summus Capital Offers Bonds with 8% Interest Rate

Starting today until June 20, investors can subscribe to bonds issued by Summus Capital, one of the largest commercial real estate investment companies in the Baltics. The total volume of the bond issue is up to EUR 30 million.

This is Summus Capital OÜ’s third bond issuance, but for the first time, the investment opportunity is also open to retail investors in Estonia, Latvia, and Lithuania. The offered bonds carry a fixed annual interest rate of 8%, with interest payments made quarterly. The nominal value of one bond is EUR 1,000, and the maturity term is 4 years. The offering is conducted based on a prospectus approved by the Estonian Financial Supervision Authority (EFSA). Summus Capital plans to list the bonds on the Nasdaq Tallinn Baltic Bond List. With a volume of up to EUR 30 million, this is one of the largest public bond offerings in the Baltic region in recent years. The offering is led by LHV Bank and Signet Bank as joint lead managers, with Orion Securities acting as co-manager. Legal counsel is provided by the law firm Sorainen.

Summus Capital is one of the leading real estate investment companies in the Baltics and, since 2024, also active in Poland. The company owns 15 high-quality commercial properties across Estonia, Latvia, Lithuania, and Poland. The portfolio’s total area exceeds 253,000 square meters, and the total value surpasses EUR 500 million. The diversified portfolio includes retail, office, logistics, and medical properties, with more than 435 tenants. The largest tenants include internationally recognized companies such as KPMG, Synlab, Confido, Lindex, Rimi, Maxima, H&M, Apollo, Lux Med, Hewlett Packard, and Bank Pekao.

“We’ve built a strong and diversified real estate portfolio across the Baltics, focusing on long-term lease agreements and stable cash flow. We’ve also expanded into Poland. With this new bond issue, we aim to raise capital for new projects and to further strengthen our existing portfolio,” said Aavo Koppel, Member of the Management Board of Summus Capital.

The company’s BB/Stable credit rating was reaffirmed by an international credit rating agency in 2024, indicating continued financial strength. The portfolio occupancy rate exceeded 98%, with the majority of income coming from anchor tenants. In 2024, consolidated sales revenue grew by 5.7% to EUR 41.3 million, reflecting the first rental income from Poland starting in December.

“We see opportunities to strengthen our position in the commercial real estate market, particularly in Poland, but also in key capitals across the Baltics. In the coming years, we aim to grow the portfolio’s value and gradually move toward international capital markets,” Koppel added.

“Summus Capital bonds have been listed on the Nasdaq Baltic First North alternative market since 2021, and the company has earned strong trust among professional bond investors. The previous two issuances were private placements available only to professional investors. With this new issuance, for the first time, retail investors in the Baltics will also have the opportunity to invest in Summus Capital bonds and benefit from the cash flow of a diversified real estate portfolio supported by long-term lease agreements with well-known international companies,” commented Silver Kalmus, Head of Bond Markets at LHV.

Tentative Offering Timeline:

• June 10, 2025, 10:00 – Start of subscription period
• June 20, 2025, 15:30 – End of subscription period
• June 25, 2025 – Announcement of offering results
• June 30, 2025 – Settlement of the offering
• July 1, 2025 – Expected start of trading on Nasdaq

This notice constitutes a securities advertisement within the meaning of Regulation (EU) 2017/1129 and does not constitute an offer to sell or a solicitation to subscribe to the bonds. Before making an investment decision, investors are advised to read the public offering and listing prospectus and the bond terms available on Summus Capital’s website (https://summus.ee/for-investors/) to fully understand the benefits and risks associated with investing in the bonds. Consulting a professional advisor is recommended.