TGS Baltic has advised Pro Bro Group on its EUR 2 million bond issuance with Siauliu Bankas as the distributor.
The Pro Bro Group is an international holding management company. According to TGS Baltic, “in addition to Lithuania, Pro Bro Group is actively expanding in foreign markets. This year, following the first car wash opened last year, it launched three new tunnel car washes in Riga and is preparing for expansion in Finland, Sweden, Poland, Estonia, and other markets.
Moreover, TGS Baltic reports this tranche of bonds will “provide investors with an annual return of 12.5%, with redemption scheduled for November 2026. Funds raised through the bonds will be used to refinance working capital and existing liabilities.”
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.
