Hepsor AS is offering the second series of bonds under its €20 million bond programme, seeking to raise €3 million with an option to increase the issue to up to €5 million. The unsecured and unsubordinated bonds carry a 9.50% annual interest rate, have a €1,000 nominal value and mature on 11 September 2029. The corrected subscription period runs from 25 August 2026 at 10:00 to 4 September 2026 at 15:30, after an earlier notice incorrectly stated that subscriptions would begin on 24 August. The offering is open to retail and institutional investors in Estonia, Latvia and Lithuania, with planned admission to the Nasdaq Tallinn Stock Exchange Baltic Bond List. Proceeds will finance real estate development projects in Latvia and construction of the Manufaktuuri Quarter and Veski Centre in Estonia. The offering is based on a prospectus approved by the Estonian Financial Supervision Authority on 10 November 2025 and supplemented on 21 August 2026.