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EUR 1 billion 10-year government bond issue of the Republic of Estonia
Acting as Estonian counsel through international law firm Clifford Chance, we advised Barclays, Citigroup and Nordea as the joint managers in the EUR 1 billion 10-year government bond issue of the Republic of Estonia. The bonds were issued under the Euro Medium Term Note (EMTN) Programme. Government bond issue Investor interest in the Estonian government […]
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Sorainen successful for virtual currency service providers in the licensing process
Our fintech experts advised various virtual currency service providers in the licencing process under Estonia’s reformed AML Act. Our work included both obtaining new virtual currency service provider licenses as well as the renewal of existing VASP licences. Renewal of existing licenses We were engaged by Auto Coin Payments, the operator of the marketplace AutoCoinCars […]
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EUR 500 million 10-year government bond tap issue of the Republic of Estonia
Acting as Estonian counsel through international law firm Clifford Chance, we advised Goldman Sachs, Erste Group and Barclays as the joint lead managers in the EUR 500 million government bond issue of the Republic of Estonia. Successful issue in challenging circumstances The issue was carried out as a tap issue of the 10-year bonds issued in […]
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Preparation of legal documents for the short-term bond programme of the Republic of Estonia
We advised Barclays as the arranger and dealer and Citibank as the dealer in the preparation of legal documents concerning the international Euro-Commercial Paper (ECP) programme of the Republic of Estonia. Covering short-term liquidity needs The programme provides the option of repeated issuance of commercial paper notes with a maturity between 1 and 364 days […]
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Over 500 investors participated in the secondary public offering of Saunum’s shares
We advised Estonian sauna solutions producer Saunum Group, on the secondary public offering and the admission to trading of new shares on Nasdaq Baltic Alternative market First North. Elevated interest from strategic partners In the course of the offering aimed at Estonian investors, 507 investors participated, and a total of 144 196 shares were subscribed […]