Ellex Raidla has advised real estate development company Liven on its EUR 2 million bond issuance.
According to Ellex, the company issued 20 mortgage-backed bonds with a nominal value of EUR 100,000, with a redemption date of March 31, 2023, through a non-public offer. The proceeds from the issue will be used to finance a new residential and commercial building in Tallinn scheduled to be built by the end of 2023.
Ellex Raidla’s team consisted of Partner Ermo Kosk and Counsels Toomas Kasesalu and Rain Raa.
Ellex Raidla did not respond to an inquiry about the deal.