Public bond offering

Offering ended: 16.03.2026 15:30

Key terms of the offering

Issue size: EUR 50 million
Coupon: 7%
Term: 5 years
Minimum investment (ticket size): 500€
Subscription period: 03.03-16.03 midday

Results of the public offering

On Monday, 16 March 2026, the public offering of bonds of Apollo Group OÜ (registry code 12383236, address Tartu mnt 80d, 10112 Tallinn, Estonia; Apollo) ended (the Offering). This was the first series issued under Apollo’s EUR 70 million bond programme, which was carried out on the basis of the base prospectus approved by the Estonian Financial Supervision Authority (EFSA) on 2 March 2026.

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Key highlights

€227M Consolidated revenue
€40M EBITDA
€3.8M Net profit
4000+ Employees
1M+ Club Members
241M total assets
4 countries
170+ units

Offering announcement

Apollo Group OÜ has launched a public offering of its bonds in the Baltic states. The bond issue supports Group’s continued growth and development as one of the leading entertainment and retail groups in the region.

The final terms and conditions of the offering – including the coupon, maturity, subscription period, and admission to trading (if applicable) – are set out in the approved prospectus and offering documents published prior to the start of the subscription period and approved by the Estonian Financial Supervision Authority.

Investors now have the opportunity to participate in Apollo Group’s next phase of growth across Estonia, Latvia, Lithuania and Finland.

Offering documents

Please carefully review all documents before making any investment decisions.

Why invest in Apollo Group?

Leading entertainment and retail platform in the Baltics

Apollo Group is the largest entertainment group in the Baltic region, operating well-known brands across restaurants, cinemas, bookstores, cafés and family entertainment. 

Diversified portfolio with 170+ locations

The Group operates more than 170 locations across food and beverage, cinema and retail, serving millions of customers annually and benefiting from a diversified portfolio.

Strong regional footprint with expansion potential

Apollo Group’s operations span Estonia, Latvia, Lithuania and Finland, providing exposure to growing consumer markets in Northern Europe and the Baltics. 

Cash-flow driven business model

The Group’s activities are focused on everyday consumer services – leisure, culture, food & beverage – generating recurring cash flows from a broad customer base.

Loyal customer base of over 1 million

Strong brand recognition and established customer loyalty programmes drive repeat visits and long-term customer relationships.

Experienced management and shareholder support

The company is managed by an experienced team with long-standing expertise in retail and entertainment, supported by professional owners focused on long-term value creation.

About Apollo Group

Apollo Group OÜ is an Estonian-based holding company for a portfolio of entertainment, retail and hospitality businesses in the Baltic states and Finland. Its companies operate:

Restaurants, cafés and juice bars
Cinemas
Bookstores and online retail

The Group’s vision is to be Estonia’s leading and most modern entertainment group and a key player in the Baltic and Finnish markets.

How to subscribe

A securities account is required for investment purposes. If one is not already available, it can be opened at any financial institution in the Baltic region that offers investment services
You can subscribe to the Bonds by submitting orders through any Baltic financial institution where you hold a securities account, either via internet banking or by contacting your bank and inquiring about the procedure of subscription
Subscription orders can be submitted from 3 March 2026 until 16 March 2026 at 3:30 p.m. Depending on the bank, the subscription deadline may vary, so it is recommended to submit the order before noon on 16 March.

Step-by-step guide

Q&A

A bond, or debt security, is a fixed-income financial instrument. A bond can be viewed as a loan agreement between two parties: the borrower (the bond issuer) and the lender (the bondholder).

By purchasing Apollo bonds, the bondholder lends money to Apollo, and Apollo assumes the obligation to pay the bondholder fixed interest four times a year until the bond’s maturity date. In addition to the fixed interest payments, on the maturity date Apollo must repay the bondholder an amount equal to the bond’s nominal (face) value.

The total size of the Apollo bond offering is up to €50 million. In the event of oversubscription, Apollo has the right to increase the offering size to up to €70 million. The nominal value of each bond is €500, the annual interest rate is 7%, and interest payments are made quarterly. The bonds have a term of 5 years.

Over the past 25 years, Apollo has grown into the largest entertainment and food service company in the Baltics. The bond issuance provides an opportunity to strengthen Apollo’s financial independence and to support investments aimed at improving profitability and fostering the company’s continued growth.

Apollo has adopted IFRS because it plans to list its bonds on the Nasdaq Baltic Bond List. IFRS is a widely used and recognized financial reporting standard in Europe. It ensures comparability and transparency, enabling European investors and financial institutions to assess the company’s financial position on a consistent and unified basis.

Apollo plans to use the proceeds to open new restaurants and entertainment concepts, as well as to expand existing operations. The company expects the strongest growth to come from expansion in the Finnish market. Funds will also be invested in improving operational efficiency and infrastructure – for example, in the development of Lido’s central kitchen in Riga to achieve greater economies of scale and cost efficiency. In addition, Apollo will continue to develop its digital solutions and the Apollo Club loyalty program to strengthen customer relationships and increase long-term value. Part of the proceeds – up to €25 million – will be used to repay loans taken from its parent company, MM Grupp.

Apollo intends to list the bonds on the Nasdaq Tallinn Stock Exchange Bond List, expected on 23 March. This will allow investors to buy and sell the bonds on the secondary market in accordance with market conditions.

The bonds may be subscribed to by all individuals and legal entities who hold a securities account with an account operator registered in Estonia, Latvia, or Lithuania. A list of account operators is available on the website of Nasdaq CSD (the Estonian securities register).

Subscribing to an Apollo bond means expressing an intention to acquire the company’s bonds. An investor can submit this intention in the form of a subscription order (see: How to submit a bond subscription order?).

The funds required for subscription must be available in the investor’s account at the time the subscription order is submitted. The amount will be reserved until the bonds are allocated. For example, if an investor wishes to subscribe to three bonds, €1,500 must be available in the account at the time of submitting the subscription order.

In the event of oversubscription, Apollo may give preference in the allocation of bonds to members of the Apollo Club loyalty program, Apollo employees, and members of the company’s management and supervisory boards.

Subscriber benefits - get the “Apollo Investor” status at Apollo Club

Each initial individual investor who will purchase at least one Bond within the Offering is eligible to participate in the loyalty programme.

Bondholders who become members of the investor loyalty programme receive for one year:

4 free Apollo Cinema Star Seat tickets
-15% discount on popcorn andself-service fountain drinks (*valid for S, M, L sizes of loose salty popcorn)

Investors under the age of 13 (Estonia and Latvia) / under the age of 14 (Lithuania)

If a bond investor is under the age of 13 in Estonia or Latvia, or under the age of 14 in Lithuania, they cannot create an Apollo Club account. In such cases, the investor benefits intended for Apollo investors will be issued in the form of Apollo Cinema Star seat e-vouchers of equivalent value and sent to the provided email address.

The investor’s age is determined based on the personal identification code.

In addition, investors below the respective age may use the popcorn and fountain drink discount through their parent’s Apollo Club account, provided that the parent is also an Apollo investor.

Investors purchasing the Bonds on the secondary market are not eligible to participate in the loyalty programme.

Enter your details in the form below no later than 19th April 2026 to access the benefits.

Once we have confirmed that you are eligible, we will contact you via e-mail to provide details on how to activate the benefits. Accessing the loyalty programme benefits will require becoming or being registered as Apollo Club member.

Apollo Investor

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Email*

Personal identification number*

Processing of personal data*

I give my consent for my data to be processed in connection with the subscription of the bond in order to receive the associated subscriber benefits.

Important information

The information presented on this website relates to a planned public offering of bonds by Apollo Group OÜ (the “Issuer”). This information is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) and is not an announcement of a public offer of securities or a call to subscribe for the bonds of the Issuer. The information provided on this site is indicative, does not constitute investment advice, and may be presented in a summary, non-exhaustive and non-binding format.

Before making an investment decision all potential investors should read the Issuer’s prospectus and if necessary, consult an expert. Investors should make an investment decision with respect to securities referred to on this website solely based on the information contained in the prospectus of the Issuer, that is approved by the Estonian Financial Supervision Authority (the “EFSA”), in order to fully understand the potential risks and rewards associated. The Issuer will release further information regarding the approval of the prospectus in accordance with the Prospectus Regulation and will make such information available on the website of the EFSA (at www.fi.ee) and on this website. The approval of the prospectus by the EFSA should not be understood as endorsement of the securities.

The only legally binding information regarding the offering will be contained in the official offering documents, including the prospectus and the bond terms and conditions (together, the “Documents”), once published. In case of any discrepancies, the Documents shall prevail.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction where such an offer or sale would be unlawful. Any public offering of Apollo Group OÜ bonds will be carried out only in those jurisdictions and to those investors to whom it may be lawfully made, and solely on the basis of the Documents and applicable laws and regulations.

Investing in bonds involves risks. The key risks that may affect the Issuer’s ability to fulfil its obligations will be described in the Documents. Should these risks materialise, investors may not receive the expected return and may lose part or all of the invested amount. The list of risks is not exhaustive.

Before making any investment decision regarding the Issuer’s bonds, investors must ensure that they fully understand the nature of the investment and independently assess its appropriateness in light of their own objectives, experience and financial situation. The information on this website and in the Documents should not be considered as investment, financial, legal, tax, accounting or any other professional advice. Investors should seek advice from qualified advisers where necessary.

The information on this website is not intended for publication, distribution or transmission, directly or indirectly, in any jurisdiction or to any person where such actions would be unlawful or would require registration or other measures not carried out by the Issuer.

Bond interest payment declaration

Apollo Group OÜ withholds income tax at the rate of 22% from the interest payments made to private persons who are Estonian tax residents. If you purchased the bonds through an investment account and wish to postpone the taxation of the interest, please complete and submit the following form on the LHV website.

Upon completion and submission of the form, the interest on Apollo Group OÜ bonds will be paid in full to your investment account, provided

Fill the form on LHV’s website:

https://www.lhv.ee/et/volakirja-intressimaksete-avaldus

Contact

Apollo Group OÜ

Tartu mnt 80D, 10112 Tallinn, Estonia

E-mail:

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