“Civinity” Launches Public Bond Offering Worth Up to EUR 25 Million with 10% Annual Interest Return
2025.06.25
One of the largest building maintenance and engineering solution providers in the Baltics, the “Civinity” group, announces the launch of a public bond offering worth up to EUR 25 million, offering investors a 10% annual interest return. This is the first tranche of a larger bond program of up to EUR 50 million.
The four-year term debt securities offering will last two weeks and will begin tomorrow, June 26.
“Civinity” bonds will be offered to both private and institutional investors, who will receive 10% annual interest. The nominal value of one bond is EUR 1,000. The minimum investment amount is EUR 100,000.
The newly raised funds will be used to finance acquisition deals and to refinance the EUR 8 million public bond issue from 2023.
“Over the past decade, Civinity has grown more than tenfold – from EUR 8 million in 2014 to EUR 88 million in 2024. This growth has been driven by a consistent strategy – expanding both organically and through acquisitions. We continue to follow the same strategy, so issuing a new bond offering is a natural step forward,” commented Deividas Jacka, Chairman of the Board at Civinity.
This is the third public bond issuance by “Civinity.” The first EUR 8 million bond issue was launched in 2021 and listed on the alternative securities market “First North,” administered by Nasdaq Vilnius.
The second EUR 8 million bond issue in 2023 received strong investor interest – the full amount was raised even before the end of the offering period. Holders of this bond issue will have the opportunity to exchange their current bonds for the newly issued ones.
This bond issue is historic for the “Civinity” group – both due to the larger amount being offered and its listing on the regulated “Nasdaq Baltic” market. According to the Chairman of the Board, long-standing investor trust leads to the belief that this issuance will be successful:
“Over two decades, we have weathered many challenges: the global financial crisis in 2008, the COVID-19 pandemic. However, our sector is characterized by stability and resilience to cyclical shocks. That is one of the reasons why we are so attractive to investors,” says D. Jacka.
The bonds are being distributed by Luminor Bank AS Lithuanian branch.
About “Civinity”:
“Civinity” is an urban lifestyle company that unites businesses providing building maintenance services and creating engineering and technological solutions in the Baltic States and the United Kingdom. The group consists of more than 30 companies with over 1,600 employees. In 2024, Civinity’s revenue reached EUR 88.5 million, with Pro Forma EBITDA at EUR 7.4 million. More information can be found here.
About “Luminor”:
“Luminor” is the leading independent bank in the Baltics and the third-largest financial services provider in the region. The bank serves the financial needs of individuals, families, and businesses. Luminor aims to improve the financial health of its customers and home markets and to foster their growth. More information can be found here.