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Dentons, TGS Baltic, Freshfields and Sorainen Advise on Lithuania's Bond Issuance

Dentons, TGS Baltic, Freshfields and Sorainen Advise on Lithuania's Bond Issuance

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Dentons and TGS Baltic have advised the Republic of Lithuania on the issuance of EUR 650 million 0.500% Notes due 2029 and EUR 850 million 1.625% Notes due 2049. BNP Paribas and J.P. Morgan were the Joint Lead Managers on the issuance. Freshfields Bruckhaus Deringer was international counsel and Sorainen acted as Lithuanian counsel to the underwriters.

The issuance was pursuant to the Republic of Lithuania's Euro Medium Term Note Programme listed on the Luxembourg Stock Exchange. The Notes are rated A3 by Moody’s, A by Standard & Poor’s, and A- by Fitch Ratings.

The Dentons team included Partner Nick Hayday, Associates Moeen Qayum and Kathryn Finch, and Trainee Gemma Dreelan. 

The TGS Baltic team included Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas, and Associate Goda Drasute.

The Sorainen team included Partner Tomas Kontautas and Senior Associates Agne Sovaite and Dalia Augaite.

Lithuanian 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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