The Republic of Estonia issues €500 million bonds

Ellex in Estonia advised the Ministry of Finance on the additional issuance of government bonds, amounting to €500 million. This transaction increases the volume of bonds originally issued in January 2024 to €1.5 billion.

The bonds will mature in January 2034, with a yield to maturity of 3.181%. The issuance attracted strong investor interest, reaching €3.5 billion, which represents an oversubscription of seven times.

The proceeds will be used to cover the general state budget deficit at the end of this year and the beginning of next year, as well as to strengthen the liquidity reserve.

Ellex in Estonia team included Partners Raino Paron and Senior Associate Kevin Gerretz.