TGS Baltic has advised Sun Investment Group on a EUR 8 million bond issuance with an annual interest rate of 11.5%, payable semi-annually.
The bonds have a maturity term of two years and Orion Securities organized the issuance.
According to TGS Baltic, the offering attracted significant interest from investors in Lithuania, Estonia, and Latvia, many of whom were already familiar with the company from a previous bond issue last year, leading to an oversubscription of the bonds.
The TGS Baltic team included Partner Dalia Augaite, Associate Kotryna Visockyte, and Legal Assistant Gabija Sidlauskaite.
TGS Baltic did not respond to our inquiry on the matter.
