We advised real estate management company Agathum on issuing their first non-public three-year bond issue, with a nominal value of EUR 1.5 million. The bond issue was distributed by Šiaulių bankas.
In the future, the company will have the opportunity to increase its bond issue to EUR 3 million. The company will pay 7.5% annual interest on the funds raised.
Algirdas Pukis, CEO of Agathum, says: “Today is a really happy day for us. We have been preparing for this for almost five years, since we converted the company into a joint stock company back in 2016. Since then, we have worked hard and developed many successful real estate projects, and our assets have already exceeded EUR 7 million. The company has plans for many other value-creating and revenue-generating real estate projects”.
Our services and project team
Our team, consisting of partner Tomas Kontautas, senior associate Dalia Augaitė and associate Ieva Dagytė, advised the client on all legal issues related to the bond issue.
