Summus Capital plans a new bond issue of up to 15 million euros

9:45 24.01.2022

Summus Capital OÜ announces its plans for a new unsecured bond issue in the amount of up to 15 million euros in line with the company’s Baltic real estate portfolio diversification and sustainability strategy. The private placement of the bonds is planned to take place in the first half of 2022.
Summus Capital is currently represented on the Baltic Capital market with its debut bond issue in the amount of EUR 10 million that has been listed on the alternative market First North since 2021.
“Summus Capital plans to invest more than EUR 100 million in new properties over the next few years, and we see an important role for bond financing in achieving our sustainable growth goals. We are very grateful for the trust shown by our investors in the first bond issue, and hope that the resilience and progress that we have demonstrated since then, including obtaining a credit rating from the international rating agency Scope, will be appreciated by our investors,” said Boris Skvortsov, Chairman of the Supervisory Board of Summus Capital.In September 2021, the international rating agency Scope assigned a first-time issuer rating of BB/Stable to Summus Capital, making it the first Baltic company to obtain a Scope rating.
Summus Capital has engaged Signet Bank AS as the lead manager of the bond issue, which has also advised the Group on its debut bond issue and acted as certified advisor for inclusion of the bonds in First North.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy the bonds, nor shall there be any offer or sale of the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such state or other jurisdiction. Any offer of the bonds will be made only by means of a private placement.