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Lextal Advises Tuul Mobility on Bond Issuance and Trading

Lextal Advises Tuul Mobility on Bond Issuance and Trading

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Lextal has advised Tuul Mobility on its EUR 3.1 million bond issuance and application for trading on the Nasdaq Baltic alternative market First North.

Tuul Mobility is an Estonian electric scooter rental service provider. The bonds were accepted for trading by Nasdaq Baltic on April 4, 2022.

According to Nasdaq Baltic, "the size of Tuul Mobility’s issue of secured bonds is EUR 3.1 million. Each bond has a nominal value of EUR 500. They have a fixed annual coupon rate of 10%, with payment twice a year. The bonds mature on March 29, 2027. The listing of the Tuul Mobility bonds follows their public offering by the company to Estonian investors. Based on demand for the bonds of EUR 4.45 million, the offering was 44% oversubscribed. A total of 1757 investors subscribed to the bonds."

Lextal’s team included Partner Kristi Sild and Lawyer Kaisa-Maria Kubpart.

LEXTAL Legal at a Glance

LEXTAL Legal Group – one of the ten largest law firms in the Baltics operating with a team of over 80 lawyers. LEXTAL Legal is a united group of law firms that includes LEXTAL in Estonia, ILAW LEXTAL in Lithuania and RER LEXTAL in Latvia.

The coverage of all three Baltic States gives additional value to our clients acting in three jurisdictions and enables us to manage complex legal projects and other matters in one hand.

  • In Estonia, LEXTAL has been a top law firm for over 10 years (6th for turnover and 4th for profit). LEXTAL Estonia’s core areas of expertise include: financial sector compliance, corporate and commercial, insurance, M&A, tax and regulatory, public procurements, dispute resolution, AI/IT and new tech (crypto).
  • In Lithuania, ILAW LEXTAL team consists of more than 35 lawyers to offer consultations and services to customers on corporate law, real estate law, mergers and acquisitions (M&A), tax law, personal data protection, intellectual property, labour law, public procurement, unfair competition and other areas of business law.
  • The core of the Law Firm RER LEXTAL in Latvia is formed by the lawyers Armands Rasa and Jānis Ešenvalds. Established in 2010, Law Firm RER LEXTAL specializing in the provision of legal assistance in legal proceedings and various business-related matters.

We focus on the results, we are full of passion, power and curiosity, our team has significant international experience in all practice areas in Baltics. You can trust us.

Firm's website: https://lextal.legal/