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Arco Vara Capital/Financing Update 2020
2211_iss_2020-12-01_8b8abd8d-3195-4b46-9290-91508868d5a4.pdf
Capital/Financing Update
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Company Type Category Disclosure time Arco Vara AS Company Release Other corporate action 01 Dec 2020 15:43:44 +0200
Currency
Arco Vara is planning a bond issue Title
Arco Vara plans to issue unsecured bonds in the maximum amount of 1.5 million euros with maturity date no later than 13.12.2022. The maximum amount of bonds shall be 150 with the nominal value of 10 000 euros. Planned interest rate is 10% per annum and interest payments will be made quarterly. Management board is authorized to change the conditions of the issue.
The bond issue will be made in accordance with Article 1 of Regulation (EU) 2017/1129 of the European Parliament and of the Council and is not public. Information about the intent to subscribe shall be submitted by email.
Proceeds of the bond issue will be used for financing development of Kodulahe Kvartal.
Tiina Malm CFO Arco Vara AS Tel: +372 614 4630 [email protected] (mailto:[email protected])
Finantsinspektsioon http://www.fi.ee
