We advised Baltic Mill, a Baltic grain processing group, on its successful two-year bond issue, which has a total value of EUR 3 million. With this bond issue, organised by Šiaulių bankas, our client refinanced a two-year bond emission issued in 2019, with redemption taking place on 4 November 2021.
Vygantas Reifonas, CFO of Baltic Mill, comments: “This is our fourth bond issue and we are glad that our investors‘ confidence is growing, which allows us to maintain the planned capital structure.“
Baltic Mill directly manages the Lithuanian companies Malsena Plus, Amber Pasta, GT Innovation and Mill Kitchen, as well as the Latvian company Rigas Dzirnavnieks and the Estonian company Balti Veski.
Plans to list bonds on First North alternative market
Up to 100, both natural and legal persons, have invested in Baltic Mill bonds, which came into effect on 4 November 2021 with a redemption date of 3 November 2023. In the next six months the company also plans to list the bonds on First North, an alternative securities market managed by Nasdaq Vilnius.
Our services and project team
Our team, consisting of partner Augustas Klezys and senior associate Dalia Augaitė, 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.