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Deals & Cases
Lietuvos energija’s EUR 300 million green bonds issue, advised by Sorainen, won an award at the Climate Bonds 2018 yearly conference in London. The company received a Green Bond Pioneer Award for being the first one to develop a green bond financing tool in Lithuania. Funds attracted using green bonds can only be used for […]
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Sorainen advised Baltic Horizon Fund, managed by Northern Horizon Capital, in issuing 5-year unsecured bonds of EUR 30 million. The bonds bear a fixed rate coupon of 4,25% to be paid quarterly. The transaction took place under private placement regime and was subscribed by Baltic institutional investors, mainly comprised of pension funds, asset managers, insurance […]
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Sorainen Belarus advised Eurotorg LLC, Belarus’ largest food retailer, on a USD 350 million bond issue for a 5-year term with an annual coupon rate of 8.75% maturing on 30 October 2022. The bonds have been issued by, and with limited recourse to, Bonitron Designated Activity Company for the sole purpose of financing a loan […]
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Sorainen advised PlusPlus on registering in a Public List of Consumer Credit Providers in Lithuania. In expanding its operations, PlusPlus is planning to acquire and administer consumer loan portfolios in Lithuania. A member of the PlusPlus group of companies, PlusPlus is owned by a pan-Baltic receivables management company with offices in Tallinn, Riga and Vilnius. […]
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Deals & Cases / Reimo Hammerberg
Sorainen Estonia advised NEFCO, an international finance institution established by the five Nordic countries to finance green investment projects primarily in Eastern Europe, on signing a subscription agreement with BaltCap for an equity investment in a new infrastructure fund for the Baltic states. NEFCO will invest EUR 3 million in the BaltCap Infrastructure Fund, which […]
