We advised Holm Bank on organising a public offering of subordinated bonds and listing them for trading on the Nasdaq Tallinn First North market.

Holm Bank is one of the fastest-growing private-capital-based banks in Estonia. The bank’s product range includes financing for individual and business clients, physical and virtual credit cards, leasing, instalment plans, and term deposits. Recently, the bank completed its first public bond issuance, raising EUR 2 million. The offering attracted significant interest from investors, with a total of 1,899 investors participating, meaning the base amount of EUR 2 million was oversubscribed by more than 6.3 times.

The capital raised will support further growth and strengthen the bank’s capital structure.

Our services and client team

We advised Holm Bank throughout the public offering and issuance of bonds, and their listing for trading on the Nasdaq Tallinn First North market.

Partner Kätlin Krisak and senior associate Kamilla Alma Vilderson led our client team, supported by counsel Jane Eespõld and senior associate Verner Silm.