We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]
We assisted US bank JP Morgan and French bank BNP Paribas in organising a five-year bond issue with a total value of USD 300 million for Avia Solutions Group – a Lithuanian aviation services group ‒ at an annual interest rate of 7.875% and a maturity date of 2024. The bonds were issued in US […]
Sorainen Belarus supported a major Russian bank with a cross-currency interest rate swap with a Belarusian corporate. The transaction was based on the Russian ISDA Master Agreement, the regional analogue of the ISDA Agreement (RISDA). To our knowledge, this is the first ever cross-border derivative transaction with a counterparty from the Belarusian corporate sector. Our […]
Deals & Cases / Kiryl Apanasevich, Ann Laevskaya, Artem Semchik, Artem Melnikovich, Anna Kasko, Yana Kunkevich
Mogo Finance (Luxembourg) successfully placed a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. The bonds are listed on the regulated market of the Frankfurt Stock Exchange following approval of the prospectus by the CSSF in Luxembourg. Following completion of the tap issue, the total outstanding […]
Our team in Lithuania, Latvia and Estonia, together with the European Bank for Reconstruction and Development (EBRD) and Richard Kemmish Consulting Limited, have presented their final report on the development of a pan-Baltic legal and regulatory framework for covered bonds. This is a significant step towards creating unified Baltic covered bond regulation, which will provide […]
