Ellex Raidla advised Endover Kinnisvara in connection with 7.5 MEUR bond issue

Endover Kinnisvara issued bonds for the second time to finance a new Project for the development of the residential and commercial premises Fabrik, which is part of the former Baltic Manufactory complex.
The purpose of the development of residential and commercial premises is to create a prominent city district in the former production building in the north of Tallinn.
"The issuance of the Fabrik development bonds is planned in two parts and its total volume is 10 million euros," said Endovers’ CEO Robert Laud. "In the first part, the goal was to raise 5.5 million euros but the investors' interest was very high and there were significantly more subscription applications – more than 7 million euros."
Ellex Raidla's Partner Raino Paron and Senior Associate Helen Ratso advised on the issue of Endover's bonds and developing the collateral structure.