We represented investment banks in AB Artea bankas’ issuance of EUR 300 million 4-year senior preferred fixed rate reset notes with an optional call date and interest rate reset at 3 years from issue.
The annual fixed rate coupon on the notes up to the reset date will be 3.739%. Settlement will take place on 7 October 2025. Listing of the notes will be on Euronext Dublin.
During the book building process, the issue size was oversubscribed 6 times, highlighting exceptional worldwide demand from institutional investors. The notes have been allocated to more than 110 institutional investors from the UK, Germany, France, Spain, Switzerland, Baltic States and other countries, including supranational financial organizations.
“With this successful issue, AB Artea bankas has become the largest corporate bonds issuer in Lithuania. We appreciate the confidence international investors have shown for our bank, the stable economic outlook of Lithuania and the potential of the Baltic capital market. The issue will be an important foundation for the bank’s further growth,” says Tomas Varenbergas, member of the management board and CFO of AB Artea bankas.
AB Artea bankas mandated AB Artea bankas, Commerzbank Aktiengesellschaft, Erste Group Bank AG and Goldman Sachs Bank Europe SE as Joint Lead Managers for the note issue.
The Joint Lead Managers were advised on Lithuanian law matters by partner Tomas Kontautas, counsel Dr Lina Aleknaitė-van der Molen and associate Andrius Pilitauskas.
