Bond platform “BeMyBond” distributed a bond issue worth 3 million euros for the business center “Jasinskio 2” under construction by the “Eika” group. The bonds were distributed in one day, they were purchased by 267 investors. The annual interest rate of the bonds is 8.5%, the duration is 6 months, with the possibility of early redemption.
The bonds were redeemed by 267 investors who made 292 orders through the platform. The majority of investors were retail investors who could invest from 1,000 euros, the largest amount invested was 500,000 euros, which was invested by a legal entity.
The funds raised during the bond issue will be used to develop a new class A business center “Jasinskio 2” in the central part of Vilnius. The construction of the building is in full swing, and 60% of the premises have already been leased to two tenants: the law firm “Ellex Valiunas” and the Embassy of the Netherlands.
The total leasable area of the business center will be approximately 7,300 sq. m, spread over six floors, and a two-level underground parking lot will also be available for the building’s tenants. The business center “Jasinskio 2” will strive for the “BREEAM New Construction Excellent” certificate, assessing sustainable operations and the well-being of people working in the building. The construction is planned to be completed and handed over to the tenants at the end of the second quarter of 2025. The project is managed by UAB “Eika Development”.
“From the very beginning, when the idea of creating a bond platform was “born”, our goal was to provide retail investors with the opportunity to invest in institutional-level projects. The “Jasinskio 2″ business center bonds are just such a type of project – funds were raised for a short-term loan to develop a prestigious business center, the project was launched with significant investments from experienced shareholders, and in a later financing stage, one of the major banking players in Europe will join,” said Indrė Dargytė, co-founder and head of the “BeMyBond” platform.
“The fact that the Jasinskis 2 bonds were redeemed in one day shows that the demand for such investment projects in the market is huge. We will continue to offer similar level projects to investors, using financing instruments available on the market, such as funds or bonds,” says Martynas Žibūda, head of UAB EIKA Development.
The funds raised during the bond issue will be used for a bridge loan until a European bank, which is currently conducting a project analysis, joins the project financing structure. The equity share of the project is concentrated by two shareholders – the project company UAB “Aurochs investments” belonging to the “Eika” group and a private investor.
The Eika Group has been issuing bonds since 2020, and has issued two bond issues on behalf of the group, one of which has been refinanced. In addition, in 2023, the Eika Group issued a bond issue to finance the Šiauliai Military Campus, which was listed on the Baltic Nasdaq exchange in 2024. In May, the Eika Group issued a bond issue for the prestigious housing project “Užupio Personos” through the BeMyBond bond platform. Currently, the amount of funds raised through bonds at the group level reaches 19 million euros.
About BeMyBond
BeMyBond, the first bond investment platform in Lithuania, was founded by Indrė Dargytė and Andrius Sokolovskis, long-time finance and investment professionals. The main goal of the platform is to provide retail investors with the opportunity to invest in larger, reputable companies and their projects. BeMyBond aims to offer the market financing for companies or projects with a good risk/return balance, with an average annual interest rate of 7–10%, in a convenient digital environment.