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Modus Group launches new public bond issue
We advised Modus Group in launching a second public bond issue planned to attract investment of EUR 8 million. Funds will be used to refinance the EUR 5 million bonds issued three years ago and to finance renewable energy projects as well as development of sustainable mobility services. The bond issue is planned in two phases: […]
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Ignitis Group enters the stock market
Our team has been advising the state-owned energy company Ignitis Group in preparation for the initial public offering (IPO) and admission to trading on the Vilnius and London stock exchanges. Through the IPO, the group will offer investors 20.9 million shares (27.8% of the issued capital). Some of the shares will be distributed on the […]
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Lithuania borrows EUR 1.75 billion on the most favourable terms ever so far
We represented banks-dealers in Lithuania’s borrowing of EUR 1.75 billion by issuing a 30-year Eurobond issue. According to the Ministry of Finance, the annual interest rate is lower than ever – more than three times lower than previously issued bonds of the same duration. These funds will finance this year’s borrowing needs, including next year’s […]
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Lithuania borrows EUR 2 billion in foreign markets
We assisted the joint lead managers in a dual tranche Eurobond issue by the Republic of Lithuania, which borrowed EUR 2 billion in the international capital markets by issuing two Eurobond issues – a 5-year Eurobond of EUR 750 million face value and a 10-year Eurobond of EUR 1 billion 250 million face value. This […]
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Baltic Mill bonds listed on Nasdaq First North
We advised Baltic Mill on issuing a third bond issue and listing the bonds on Nasdaq Baltic First North, an alternative bond market managed by Nasdaq Vilnius. The bond issue ‒ with a total value of EUR 3 million ‒ was organised by Šiaulių bankas. The annual coupon rate is 4.5% and the bonds mature […]