TGS Baltic’s banking and finance team advised online trading provider Admiral Markets on a public bond issue.
Admiral Markets, founded in 2001, is an international online trading company whose investment companies are online trading providers in the Forex currency market as well as in other financial markets where CFDs of precious metals, stocks, commodities, futures, indexes, and crypto voltages can be traded.
During the public offering, which was held from December 8-19, investors subscribed for the bonds in the amount of 1.8 million.
Sergei Bogatenkov, member of the board of Admiral Markets, said that the target was met among retail investors and positive feedback was received from several institutional investors, who would have needed more time to make a decision, as the financial services provided by Admiral Markets are unique in the Baltic market. He added that the bonds of Admiral Markets are undergoing the procedure of listing on the Nasdaq Tallinn stock exchange.
TGS Baltic’s banking and finance team was led by Partner Marko Kairjak.