"GO Group is planning a bond issuance program worth 5 million euros, which will be distributed by the bond platform BeMyBond. In the first stage, bonds for 2,5 million euros will be distributed. The annual interest rate of the bonds is 7,5 percent, with interest paid semi-annually, and the duration is 12 months.
The expected date of the first phase of bond distribution is June 18–28. The term of the bonds is 12 months, with the option to redeem them no earlier than after 6 months. The bonds will be secured by a pledge of the land lease rights of the plot located at Visorių g. 20.
All individuals and legal entities registered on the BeMyBond bond platform will be able to invest in the issue. The bonds will be distributed on a first-come, first-served basis, meaning that the first investors will receive them until the goal of EUR 2,5 million is reached.
The funds raised will be used to develop an A++ energy class residential housing project in Visoriai, which will be managed by EIKA Development. The project is in an early stage – a land plot has been acquired in an attractive location with a building permit for the development of the first phase of a multi-apartment residential block. In this project, which will be developed in several stages, a total of more than 500 apartments are planned to be built.
Tomas Žiaugra, Director of the Development Department at EIKA Development, notes that in recent years the demand for new housing in Visoriai has been growing: in 2023, 76 apartments were sold, in 2024 – 70 percent more. Currently, EIKA Development is also developing the housing project "Seasons" in this area, in which 4 apartments will be built in 600 stages.
"When analyzing the city's general plan, we see that the plot on the territory of which a new housing project is planned on Visorių Street is one of the last where it is possible to build apartment buildings - the surrounding plots with residential use are dominated by one- and two-family houses. The face of Visorių as an attractive place to live is changing with each new project and the accompanying investments in the infrastructure of the quarter. The coming few years are a short period of opportunity for home buyers who want to have time to purchase a high-energy class new construction home and settle in a green, not very densely populated area," says T. Žiaugra.
Visoriai is currently one of the fastest developing and changing city districts: the industrial areas here are rapidly being converted into residential projects, the infrastructure is improving every year, roads are being maintained, bicycle paths are being created, kindergartens, schools, medical institutions, and shopping centers are operating, and at the same time, the district is surrounded by nature and peace.
"In recent years, we have noticed that financial literacy in Lithuania is improving, and interest in investing is growing - more and more people understand that uninvested money depreciates, that even small amounts of money can be invested and grow. Until now, small investors have usually been stopped by the limited availability of bond issues, lack of information, and were uneasy about complex processes. With the platform, we are removing these obstacles, so the opportunity to invest in projects such as this one, which is being developed in Visoriai, is becoming available to everyone," says Indrė Dargytė, co-founder and manager of the BeMyBond platform.
BeMyBond has already earned the trust of investors with its performance results. In May of last year, BeMyBond successfully distributed the EIKA Group housing project Užupio personas' EUR 1 million bond issue, with an annual interest rate of 9%. In July 2024, investors redeemed EUR 2 million bonds of the Jasinskio 3 business center with an annual interest rate of 8,5% through this platform in one day.
"We understand perfectly well that investors are the people who understand the language of numbers best. From the very beginning of our activities, they have seen what projects we are working on, what financial returns they bring, and because of that, they choose to invest in our other projects, which is the greatest appreciation of our work," says I. Dargytė.
