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Ellex Advises SBA Group on EUR 8 Million Bond Issuance for Urban HUB

Ellex Advises SBA Group on EUR 8 Million Bond Issuance for Urban HUB

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Ellex has advised SBA Group company Urban HUB Investments on its EUR 8 million public bond issuance to support Urban HUB, "the largest office, retail, and warehouse project in the Baltic States, near Kaunas."

According to Ellex, the interest rate of the bonds is 10.75%, to be paid quarterly. The minimum investment amount was EUR 10,000. The bonds were offered to private and institutional investors.

"The offering was planned in tranches but, due to high demand, all of the bonds of the issue have been issued in one single tranche," the firm reported.

The Ellex Valiunas team included Partner Robertas Ciocys, Associate Partner Egle Neverbickiene, and Associate Ainis Augustas Petrulis.