DelfinGroup's Bond Issue Breaks Records With Overwhelming Demand
DelfinGroup's latest bond issue has seen overwhelming demand, with investors rushing to participate. The company, which first publicly issued bonds in 2024, has exceeded its target by almost 50%.
The bond issue attracted a total of 22.3 million euros, significantly more than required. Over 2,700 retail and institutional investors showed interest, making DelfinGroup's bond issue the most subscribed in the Baltics to date.
DelfinGroup, which has completed 13 bond issues with most already redeemed, plans to use the funds raised to refinance its existing bonds and liabilities. The company has seen a steady increase in demand for its bonds, with the average subscription order size reaching 8.2 thousand euros. This has resulted in DelfinGroup having 9,500 shareholders and over 3,000 bondholders.
The bond issue was particularly popular among Latvian investors, who accounted for 60% of the total investment. Estonian investors also showed strong interest, making up the majority of the remaining investment.
DelfinGroup's bond issue has been a resounding success, with demand far exceeding expectations. The company's first public bond issue across the Baltics has not only raised the necessary funds but has also expanded its shareholder base. DelfinGroup's bonds will be listed on the Nasdaq Riga Baltic regulated market, further cementing the company's presence in the region.
