On 20 December, AS Kalev Real Estate Company will issue, by placing, a total of 4.5 million euros in bonds with a term of 6 months. The nominal value of the bond is 1,000 euros. The annual coupon rate is 12%, with coupon payments to be made on a settlement date. Fulfilment of the obligations arising from the bonds will be guaranteed by AS Kalev. The bond issue will be organised by SEB Eesti Ühispank. Tarmo Maasikamäe Financial director Tel 6161900