Nasdaq Welcomes Rotermann City to the Baltic First North Market

Tallinn/Riga/Vilnius, Nasdaq Baltic, June 15, 2026 - Nasdaq (NDAQ) announces that bonds issued by Rotermann City, an Estonian real estate developer, have been admitted to trading on the Nasdaq Baltic First North Market as of today.

Rotermann City's bond issue totals EUR 8 million. Each bond has a nominal value of EUR 1,000 and carries a fixed annual coupon rate of 7.75%, paid quarterly. The bonds mature on December 12, 2029.

The listing follows the public offering of the bonds to Estonian, Latvian, and Lithuanian investors. Demand reached EUR 17.06 million, making the base offering amount of EUR 6 million 2.8 times oversubscribed. A total of 1,379 investors subscribed to the bonds.

"Rotermann City's bond issue highlights how the Baltic bond market continues to deliver for both companies and investors. For companies, it provides efficient access to capital, while investors benefit from a growing range of attractive investment opportunities. The strong demand for this offering confirms continued confidence in the Baltic capital market," said Kaarel Ots, CEO of Nasdaq Tallinn and Head of Nasdaq Baltic Stock Exchanges.

"A public bond offering enabled us to diversify our sources of financing and involve investors who share our vision for increasing the value of Rotermann in its continued development," said Kaarel Loigu, Chairman of the Management Board of Rotermann City. "The strong result of the offering and the active participation of investors confirm confidence in our track record and strategic direction, and show that Rotermann is also highly valued among investors," added Loigu.

The public bond offering was arranged by LHV Pank. Law Firm Sorainen acted as legal adviser and serves as certified adviser to Rotermann City on First North.

The Rotermann Quarter is one of Tallinn's most distinctive and prestigious urban districts, where historic industrial heritage has been thoughtfully integrated with contemporary architecture, a high-quality commercial environment, and modern urban living. Located at the crossroads of the Old Town, the central business district, and the harbour area, the quarter has developed into a vibrant urban destination where history and contemporary city life intersect, offering an environment for living, working, dining, and everyday services.

Nasdaq First North is designed to support smaller, growing businesses seeking to raise capital while benefiting from the visibility and credibility of being publicly listed. For investors, First North offers an opportunity to invest in businesses at an earlier stage of growth.

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Media Contact:

Ott Raidla
Marketing and Communications Manager
Nasdaq Tallinn / Nasdaq Baltic Market
[email protected]
+372 5552 4824