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Lithuania borrows over EUR 2 billion in international markets
We represented banks-dealers in Lithuania’s issuance of two new Eurobond issuances: a €1 billion, 5-year bond and a €1 billion, 15-year bond. “Today, we have borrowed a significant amount, securing one-third of this year’s planned foreign borrowing. Additionally, for the first time since 2021, we issued a bond with a maturity of more than 10 […]
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Etapay Investicija acquires e-money institution Verse Payments Lithuania
We advised DECENTRALIZED GLOBAL PAYMENTS, S.L., a part of Block Inc. group, in the sale of its subsidiary holding an e-money institution license, Verse Payments Lithuania, UAB. This transaction marks a significant step in the fintech sector and opens new opportunities in the financial services market. It is expected, that the new owners will continue […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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Avia Solutions Group issues USD 300 million worth of new bonds
We advised Avia Solutions Group, a globally leading aviation group, on issuing USD 300 million in senior unsecured bonds with a tenure of five years at a rate of 9.75%. This issuance includes the refinancing of a previous bond issue that had an outstanding balance of USD 180 million. The surplus funds will be allocated […]
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Lithuania borrows EUR 1.5 billion in international markets
We represented banks-dealers in Lithuania’s issuance of a new 10-year Eurobond. Lithuania borrowed EUR 1.5 billion in international capital markets. „Lithuania has successfully launched a programme of borrowing in foreign financial markets and has secured a significant part of the amount of foreign borrowing planned for this year on favourable terms. We are pleased with […]