Sorainen has advised Baltic Mill on its third bond issuance and the bonds' listing on Nasdaq Baltic First North, an alternative bond market managed by Nasdaq Vilnius. Sorainen also advised arranger Siauliu Bankas on the deal.
The bond issue has total value of EUR 3 million and an annual coupon rate of 4.5%, with a maturation date of November 4, 2021.
Baltic Mill is the holding company for a grain processing group in the Baltics, with subsidiaries including Malsena Plus and Amber Pasta in Lithuania, Rigas Dzirnavnieks in Latvia, and Balti Veski in Estonia.
“We are proud to have been among the first historically to make use of Lithuania’s alternative market for debt securities,” commented Baltic Mill CFO Vygantas Reifonas. “From our very first public bond issue, we have believed in the benefits this market offers both to our company and to our investors, so we are confidently continuing that tradition by listing our third issue of debt securities on Nasdaq Baltic First North.”
Sorainen’s Lithuanian team included Partner Augustas Klezys, Senior Associate Dalia Augaite, and Associate Rimantas Bendorius.
