Sorainen Latvian office acted as Latvian law adviser to the joint lead managers Citigroup, Luminor Bank, Nordea and UniCredit on the issuance by Citadele banka of 200 million EUR in notes, due in 2026.

The purpose

The purpose of the issuance is to meet the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Proceeds from the offer are to be used by Citadele for general corporate purposes.

Our team

Our team consisted of partner Rūdolfs Eņģelis, counsel Aija Lasmane, senior associate Inese Heinacka and of counsel Mārtiņš Rudzītis.