Verston Raises €6 Million Through Bond Issuance to Accelerate European Expansion
With the ambition to expand across Europe, Verston, a leading infrastructure construction and maintenance company from Estonia, has successfully completed its first bond issuance, securing €6 million from investors to fund capital-intensive projects and strategic growth initiatives.
“The successful issuance is a clear sign of investor confidence in Verston’s business model, sustainable growth plans, and environmentally responsible strategy,” said Jarmo Liiver, CFO of Verston. “These bonds provide a flexible financing alternative to traditional bank loans, allowing us to support near-term growth projects, and take the next steps in our expansion — investing in green technologies and digital innovation.”
The bonds, issued by Verston Group OÜ, have a 4-year maturity and an annual interest rate of 11%. Subscriptions have come from institutional and private investors across the Baltic region. The minimum investment was €100,000.
“This is the first bond issuance of its kind in the regional infrastructure sector. The strong interest in Verston’s bonds is a testament to the company’s solid financial position and growth strategy,” said Silver Kalmus, Head of Debt Capital Markets at LHV Bank. “This transaction demonstrates that the local capital market has room for high-quality companies looking to diversify their funding sources.”
In addition to further strengthening the company’s current positioning, the raised capital will also support Verston’s international expansion efforts, a strategy launched with the formation of Verston Group last year. “We now have both the capital and the talent in place to accelerate the next phase of our international growth,” added Liiver.
The bond issuance was arranged by LHV Bank, with legal advisory provided by Eversheds Sutherland.
More information:
Jarmo Liiver
Phone: +372 552 5676
Email: