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AS Hipocredit’s public offering of secured bonds attracts EUR 8.7 million in investor demand
We advised AS Hipocredit, a mortgage-secured lending company on the structuring and documentation of a public offering of secured bonds. Our work included establishing the legal framework for the offering, preparing the information document and the related security package, and supporting the client throughout the transaction process in cooperation with the key stakeholders. We helped […]
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Sorainen helps Fintech Latvia Association advance new equity release lending regulation in the Saeima
The Sorainen team, representing the Fintech Latvia Association (FLA), successfully prepared a proposal to add a new Section 8.⁷ to the Consumer Rights Protection Law, coordinated it with the relevant authorities, and defended it before the responsible Saeima committee. The amendments create a new type of lending product on the Latvian market – an equity […]
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Saules BESS to implement an energy storage project through EUR 22 million bond issues
We advised Saules BESS, a Latvian developer of battery energy storage systems (BESS) integrated with solar energy infrastructure, on the structuring and issuance of secured bonds and subordinated bonds to support their business expansion. About the project The newly installed BESS units will be co-located with existing solar power plants. This will enable the implementation of […]
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Multitude Bank provides EUR 16 million financing facility to Nordecum
We advised Multitude Bank plc, a Wholesale Banking business unit of Multitude AG, a listed European FinTech company, on providing a EUR 16 million financing facility to UAB Nordecum, a Lithuanian digital consumer finance company and part of Placet Group OÜ. The facility strengthens Nordecum’s funding base by refinancing existing arrangements and providing additional capacity […]
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Fibonatix receives a payment institution licence from Latvijas Banka
We advised Fibonatix on obtaining a payment institution licence from Latvijas Banka. SIA Fibonatix (LV) is a company within the Fibonatix brand, which includes the UK-regulated entity Fibonatix (UK) Limited and entities in Germany and Poland, all founded by Israeli founder Tal Miller. Fibonatix’s business involves providing payment solutions for merchants (e-commerce entities and beyond). […]