04
Fri, Oct
98 New Articles

Sorainen Advises Capitalica Baltic REF I on Bond Issuance

Sorainen Advises Capitalica Baltic REF I on Bond Issuance

Lithuania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen, working with Freshfields Bruckhaus Deringer, has advised Capitalica Asset Management fund Capitalica Baltic Real Estate Fund I on its EUR 3 million bond issuance.

According to Sorainen, the issued two-year bonds with a 5% annual interest rate were distributed by Siauliu Bankas and will be listed on the Nasdaq Vilnius alternative market First North.

Capitalica Asset Management specializes in commercial real estate management in the Baltic States. The Capitalica Baltic Real Estate Fund I is a real estate fund licensed and supervised by the Bank of Lithuania.

"The rised funds will be used for partial redemption of our first EUR 5 million bonds issued in 2019," Capitalica Asset Management announced. "Three years ago those funds were invested into Verde – the greenest A Class office complex in Riga. The first building will open its doors to tenants this summer, with more than 60% of the premise area leased out already."

The Sorainen team included Senior Associate Dalia Augaite and Assistant Lawyer Andrius Pilitauskas.