Key Interest Rate Update for Investors
Baltic Horizon Fund is excited to share the interest rate for its 5-year bonds identified under ISIN: EE3300003235, which will come into effect for the next three months starting on November 8, 2024. The newly announced annual interest rate stands at 8% plus an additional 3.049% based on the EURIBOR 3-month rate. This brings the total to an attractive rate of 11.049% per annum, which reflects the stable and prosperous growth trajectory of the fund.
Understanding the Interest Rate Structure
The interest rate for these bonds is designed to provide consistent returns for investors, allowing them to secure reliable income in a fluctuating market. The combination of a fixed percentage plus a variable rate indexed to EURIBOR ensures that the returns can adjust according to market conditions, aligning the fund's interests with those of its stakeholders.
About Baltic Horizon Fund
Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, and it is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license. Both the fund and its management company are subject to oversight from the Estonian Financial Supervision Authority, ensuring transparency and compliance within the investment landscape.
Management Team Commitment
The dedicated team led by fund manager Tarmo Karotam is committed to maximizing returns for investors while maintaining a robust portfolio of real estate assets. With a focus on strategic growth and prudent management, the team continually evaluates opportunities that further enhance the fund's market position and financial performance.
Communication and Investor Engagement
For any inquiries or further information, stakeholders can reach out directly to Tarmo Karotam via email at tarmo.karotam@nh-cap.com. Investors can visit the official website of Baltic Horizon Fund at www.baltichorizon.com for comprehensive updates and details regarding the fund’s performance, projects, and future growth plans.
Staying Updated
To keep up with the latest announcements and developments from Baltic Horizon Fund, stakeholders can register on their website. Following them on social media platforms ensures that investors are well-informed about ongoing projects and strategic initiatives the fund is undertaking.
Frequently Asked Questions
What is the new interest rate for Baltic Horizon Fund bonds?
The new interest rate applicable to the bonds is 11.049% per annum for the upcoming interest period.
When does the new interest period start?
The new interest period begins on November 8, 2024, and lasts for three months.
How is the interest rate determined?
The interest rate consists of a fixed 8% plus an additional variable rate based on the EURIBOR 3-month rate, which currently stands at 3.049%.
Who manages the Baltic Horizon Fund?
The fund is managed by Northern Horizon Capital AS, which is licensed as an Alternative Investment Fund Manager.
Where can I find more information about the fund?
For detailed information, visit the Baltic Horizon Fund’s official website at www.baltichorizon.com.
