We assisted Luminor Bank in organising and distributing EUR 85 million Restricted Senior Preferred Notes for Šiaulių bankas.

The amount of the total outstanding bonds increased to EUR 160 million

Šiaulių bankas completed a tap issue of EUR 85 million of last year‘s 4-year senior preferred 1.047% coupon bonds. With a tap issue, the amount of the total outstanding bonds increased from EUR 75 million to EUR 160 million.

The bonds were issued under EUR 250 million EMTN Programme dated 25 October 2022 and are expected to be listed on the Nasdaq Baltic Debt Securities List.

Our services and project team

We advised Luminor Bank on all matters related to distributing the bond issue. The project team was led by senior associate Agnė Sovaitė and partner Augustas Klezys.