FORM OF FINAL TERMS
The Final Terms in respect of each Tranche of Series of Bonds will be substantially in the
following form, duly supplemented (if necessary), amended (if necessary) and completed to
reflect the particular terms of the relevant Bonds and their issue. Text in this section appearing
in italics does not form part of the Final Terms but denoted directions for completing the Final
Terms.
Final Terms dated 27 August 2024
THE REPUBLIC OF ESTONIA
Issue of up to EUR 200,000,000 of the Bonds of the Republic of Estonia
under the Bond Programme of the Republic of Estonia dated 3 July 2024
This document constitutes the Final Terms relating to the issue of the Bonds described herein
and must be read in conjunction with the Bond Programme dated 3 July 2024. Terms used
herein shall have the same meaning as stipulated in the Bond Programme.
Include whichever of the following apply or specify as “Not Applicable” (N/A). Note that the
numbering should remain as set out below, even if “Not Applicable” is indicated for
individual paragraphs or sub-paragraphs.
1. Issuer: The Republic of Estonia
2. Paying Agent: Nasdaq CSD
3. (i) Series Number:
(ii) Tranche Number:
1
1
4. Specified currency: EUR
5. Nominal Amount:
(i) Series:
(ii) Tranche:
Up to EUR 200,000,000
Up to EUR 200,000,000
6. Issue Price: EUR 100
7. Issue Date: 16 September 2024
8. Final Redemption Date: 16 September 2026
9. Interest Basis: Fixed interest
10. Redemption/Payment Basis: Redemption at par
11. Issuer Call Option Not applicable
12. Bondholder Put Option Not applicable
13. Status of the Bonds: Unsecured/Unsubordinated