Sun, Sep
38 New Articles

Sorainen Advises Baltic Mill on EUR 3 Million Eurobond Issuance

Sorainen Advises Baltic Mill on EUR 3 Million Eurobond Issuance

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen has advised Baltic Mill, a Baltic grain processing group, on its issuance of a two-year bond with a total value of EUR 3 million that was organized by Siauliu Bankas.

Baltic Mill directly manages Lithuanian companies Malsena Plus, Amber Pasta, GT Innovation, and Mill Kitchen, as well as Latvian Rigas Dzirnavnieks and Estonian Balti Veski. According to Sorainen, the company has, by issuing the bond, “refinanced a two-year bond emission issued in 2017, with redemption set for 4 November 2019.”

Vygantas Reifonas, CFO of Baltic Mill, commented that “the demand for bonds has exceeded expectations. This shows that long-term work with investors and gaining their trust have yielded results. This is the company’s third public bond issue, this time with a 4.5% annual bond interest rate.”

Sorainen also reports that “up to 100 physical and legal investors invested in Baltic Mill bonds, which come into effect on 4 November 2019 with a redemption date of 4 November 2021. The company also plans to list the bonds on First North, an alternative securities market managed by Nasdaq Vilnius, in the next 6 months.”

Sorainen's Lithuanian team included Partner Augustas Klezys, Senior Associate Dalia Augaite, and Associate Rimantas Bendorius.  

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

All News about Cobalt can be found here.


Our Latest Issue