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Cobalt Advises SEB Bankas on Altum Bond Issuance

Cobalt Advises SEB Bankas on Altum Bond Issuance

Latvia
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Cobalt has advised AB SEB Bankas on arranging the EUR 70 million notes issue program of AS Attistibas Finansu Institucija Altum and issuance of EUR 15 million notes with a yield of 0.95%.

Altum is a state-owned development finance institution, which offers state aid for various target groups with the help of financial tools, such as loans, credit guarantees, and investing in venture capital funds. 

According to Altum, the transaction attracted a great deal of interest from investors in Latvia, Lithuania, and Estonia and the notes were oversubscribed by 13 times. The proceeds from the notes will be used for Altum's funding purposes of sustainable business projects that are vital for the national economy within agriculture.

The Cobalt team was led by Specialist Counsel Edgars Lodzins and included Partner Sandija Novicka and Associate Krisjanis Buss.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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