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lv
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Internet bank
Logo Logo Logo
Internet bank Book an appointment
en
lvLatviešu
enEnglish
ruРусский
  • Private clients
    • For everyday needs
      • Current Account Learn more
      • Mastercard World Elite Credit Card Learn more
      • Mastercard Gold Payment Card Learn more
    • Investments
      • Club Deals Learn more
      • Signet Bond Fund Learn more
      • Brokerage Services Learn more
      • Investment Portfolio Management Learn more
      • Term Deposit Learn more
    • Financing
      • Private Loan Learn more
    • Useful extras
      • Fiduciary Transactions Learn more
      • Individual Safe Deposit Boxes for Rent Learn more
      • Children’s Education Abroad Learn more
  • Business clients
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      • Bonds underwriting Learn more
      • Loans against securities collateral Learn more
    • For everybody needs
      • Small and Medium Enterprises Learn more
      • Groups and Holdings Learn more
      • Mastercard Business Credit Card Learn more
    • Investments
      • Club Deals Learn more
      • Signet Bond Fund Learn more
      • Brokerage Services Learn more
      • Investment Portfolio Management Learn more
      • Term Deposit Learn more
    • Useful extras
      • Fiduciary Transactions Learn more
      • Individual Safe Deposit Boxes for Rent Learn more
  • Where to invest?
  • News
  • About Us
    • About Signet Bank
      • About us

        Exactly, this is not an ordinary bank. Understanding the customer’s needs and experiences is one of our core operating principles. We do not apply a standard approach for achieving customer goals, each solution is found by thoroughly analysing each situation individually and following the global trends in the industry.

    • Management and shareholders
    • Financial reports
    • Signet Asset Management Latvia
    • Vision of Sustainable Development
    • Support for society
    • Art Collection
  • Contacts
    • Contacts
      • Address

        Signet Bank AS
        Antonijas street 3,
        Riga, LV 1010, Latvia

      • Contact us

        Phone: +371 67 080 000
        Fax: +371 67 080 001
        E-mail: [email protected]

      • Office hours

        Monday to Friday
        9:00 a.m. – 17:30 p.m

News

Signet Bank successfully arrange the inaugural issue of bonds of ESTO Holdings OÜ

01.12.2021
Bank

In cooperation with Signet Bank, ESTO Holdings OÜ, a leading innovative payments technology company based in Estonia, announces the settlement of its senior-secured bonds in the amount of EUR 16 million with a maturity of three years.

The senior secured corporate bonds were issued with an annual interest rate of 9.00% and term until 2024. Bonds were issued in the form of a private placement to professional investors across the Baltic States and Europe. The proceeds will be used to refinance existing liabilities and for the business growth in Estonia.

The new bonds are expected to be included on the Alternative Market of the Nasdaq Baltic First North within 12 months upon settlement subject to regulatory approval.

We are very grateful for the trust investors expressed in ESTO subscribing to our first-time corporate bond. We are pleased and proud that investors invested in our company with exceptionally strong demand coming from the Baltic region, but also from beyond the borders. This marks another very important milestone in the young company’s history and secures stable financing for ESTO for the foreseeable future.

Mikk Metsa, Group CEO of ESTO

Signet Bank acted as lead arranger and sole bookrunner, Aalto Capital (Germany) as global coordinator and financial advisor to the Group.

We are pleased to help ESTO, an innovative fintech company, to enter the Baltic capital market. As a result of its first bond issue, professional investors from both the Baltic and other European countries have invested in the company, which is an important step for the company’s growth and name recognition. For Signet Bank, this was a new milestone, as this is the first arranged bond issue registered with the Nasdaq CSD Estonian Branch.

Edmunds Antufjevs, Head of Corporate Finance at Signet Bank

About ESTO Holdings

ESTO Holdings and it subsidiaries is a payment technology company with a creditors license from Estonian Financial Supervision Authority. ESTO’s mission is to enable merchants to sell and consumers to buy online in an easy, automated and safe way. ESTO provides fully automated and tech-driven point of sale purchase financing and payments solution for its network of merchant partnerships in Estonia, Lithuania and Latvia.

About Signet Bank

The bank was founded in 1992 as Latvijas Biznesa banka. Since 2013, it has focused its strategy on servicing entrepreneurs and their businesses, with an emphasis on high-quality capital management and structuring investment projects. Signet Bank’s shareholders are nine Latvian and international private investors.

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