We advised Holm Bank on arranging a public offering of subordinated bonds and admission to trading on Nasdaq Tallinn First North.

Holm Bank, an Estonian-owned and one of the fastest-growing banks in Estonia. The bank’s main product portfolio includes financing for private and business customers, physical and virtual credit cards, leasing, instalment payments and term deposits. This was the first public bond issue raising two million EUR. The offering received significant interest, with 1,899 investors participating and the base amount of two million EUR oversubscribed by more than 6.3 times.

The capital raised will be used in full to finance the further growth of Holm Bank and to strengthen its regulatory capital.

Our services and client team

We assisted Holm Bank throughout the public offering, the bond issue process and admission to trading on Nasdaq Tallinn First North.

Our client team was led by partner Kätlin Krisak and senior associate Kamilla Alma Vilderson. The team also included counsel Jane Eespõld and senior associate Verner Silm.