We acted as transaction counsel in the up to EUR 80 million bond programme for Conexus Baltic Grid, a unified natural gas transmission and storage operator in Latvia. The Bond programme was arranged by Skandinaviska Enskilda Banken AB Helsinki Branch. For the time being Conexus Baltic Grid has decided to postpone its inaugural first issue.

About the transaction

Sorainen acted as legal counsel for the bond transaction, which included drafting a base prospectus; assistance with document coordination and approval from the Financial Capital and Market Commission (as of 1 January 2023, Latvijas Banka), the stock exchange (regulated market) (Nasdaq Riga), and the depository (Nasdaq CSD); corporate-approvals-related legal advice; and drafting a legal opinion for Skandinaviska Enskilda Banken AB Helsinki Branch, as well as legal assistance with other bond-transaction-related matters required for proper implementation of the project.

Project team

The project team was led by partner Rūdolfs Eņģelis. The team consisted of partner Kätlin Krisak, senior associates Inese Heinacka and Zane Akermane, of counsel Mārtiņš Rudzītis, associate Agneta Rumpa, and assistant lawyer Kristers Pētersons.