Investment management company Capitalica Asset Management has redeemed two final bond issues of the Capitalica Baltic Real Estate Fund I, with a total value of EUR 13 million, raising the total amount of bonds redeemed across all its managed funds to over EUR 50 million.
“This is a strong signal of trust and credibility for the market and our investors,” said Andrius Barštys, CEO and Chairman of the Board of Capitalica Asset Management, which is part of the SBA Group. “What we do, we do right. We keep our commitments and generate stable returns. Reaching the EUR 50 million redeemed bond threshold reflects our ability to manage capital responsibly and execute projects reliably across the Baltic markets.”
The redeemed bond issues consist of: a) a EUR 5 million bond issue distributed on February 7, 2024, with a fixed annual interest rate of 10 percent and quarterly interest payments that was redeemed on June 12, 2025, at 100 percent of its nominal value plus accrued interest from the last payment date, May 7, 2025; and b) a EUR 8 million bond issue distributed in March 2024 that was redeemed early on June 17, 2025, providing investors with 100 percent of the nominal value along with accrued interest as of the redemption date.
The latter of the two redeemed issues was intended to finance the completion of the Verde business center in Riga, Latvia. Construction on the business center wrapped up in early 2024, and the building reached full occupancy in January 2025. Due to the project’s success, Capitalica Asset Management reports, Capitalica’s main financial partner, SEB Bank, increased its financing by an additional EUR 13 million. With this latest loan, SEB Bank’s total financing of Capitalica Asset Management projects now exceeds EUR 100 million.