Northern Horizon Capital AS informed of the plan to organize an issue of secured bonds of Baltic Horizon Fund SPV in the aggregate nominal value of up to EUR 8 million with the maturity date of 18 months as of the issue date with a possibility to issue the bonds in multiple tranches. The issue size of the first tranche is intended to be up to EUR 4 million. The bonds will be secured with a first rank mortgage on the properties located at Eitminu str. 3 and Ukmerges str. 308, Vilnius, Lithuania and with a surety granted by the Baltic Horizon Fund to secure the payment obligations under the bonds. The private placement is intended to be aimed mainly at institutional investors in select European countries. Redgate Capital AS and Luminor Bank AS Lithuanian branch will act as lead managers of the issue. The net proceeds from the issuance of the bonds will be used for financing the construction of the Meraki office building.