Cobalt has advised Storent Investments AS on the issuance of EUR 10 million bonds and the listing of the bonds on the Baltic Bond List of Nasdaq Riga.
Nasdaq reports that the nominal value of one Storent bond is EUR 100. The annual coupon rate is 8% with interest paid four times a year. Maturity date of the bond issue is June 30, 2020.
Storent Investments is an international group of companies operating in the construction and industrial equipment rental industry. It is currently active in Latvia, Lithuania, Estonia, Finland, Sweden, and Russia (Kaliningrad).
The Cobalt team consisted of Counsel Edgars Lodzins and Associate Krisjanis Buss.
Image Source: baltic-review.com