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 on 4 November 2021.
Baltic Mill is the holding company for one of the largest grain processing groups in the Baltics. Its subsidiaries include Malsena Plus and Amber Pasta in Lithuania, Rīgas Dzirnavnieks in Latvia, and Balti Veski in Estonia.
Comments Vygantas Reifonas, CFO of Baltic Mill: “We are proud to have been among the first historically to make use of Lithuania’s alternative market for debt securities. From our very first public bond issue, we have believed in the benefits this market offers both to our company and to our investors, so we are confidently continuing that tradition by listing our third issue of debt securities on Nasdaq Baltic First North.”
Our services and project team
We advised the client on all matters related to the bond issue. We are also a Certified Adviser to Baltic Mill on the First North market in Lithuania. Our team consists of partner Augustas Klezys with senior associate Dalia Augaitė and associate Rimantas Bendorius.
Other bond issues we have recently advised on:
- Avia Solutions Group issues USD 300 million bonds
- InMedica’s public bond issue
- Baltic Mill issues EUR 3 million Eurobonds
- Real estate fund managed by Capitalica Asset Management enters First North market in Lithuania
- Lithuania borrows EUR 1.5 billion in foreign markets