Tue, Sep
42 New Articles

Sorainen Advises Joint Lead Managers on Lithuania’s EUR 2 Billion Eurobond Issue

Sorainen Advises Joint Lead Managers on Lithuania’s EUR 2 Billion Eurobond Issue

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

Sorainen has advised joint lead managers BNP Paribas, Citi, and Erste Group on a dual-tranche Eurobond issue by the Republic of Lithuania – a 5-year Eurobond of EUR 750 million face value and a 10-year Eurobond of EUR 1 billion 250 million face value. The issuance is aimed at improving the liquidity of Lithuania’s treasury.

According to Sorainen, “a coupon of 0.25% annual interest will be paid for the 5-year Eurobond of EUR 750 million face value. The Bonds have been issued at a yield of 0.345% and an issue price equal to 99.530% of face value. Lithuania will pay 0.750% annual interest for the 10-year issue (EUR 1.25 billion face value). The bonds have been issued at a yield of 0.829% and an issue price equal to 99.245% of face value.”

Sorainen’s team included Partner Tomas Kontautas, Senior Associates Dalia Augaite and Agne Sovaite, and Associate Rimantas Bendorius.

Editor's note: After this article was published CEE Legal Matters learned that Dentons and TGS Baltic had advised the Ministry of Finance of the Republic of Lithuania.

Dentons' team included Partner Nick Hayday, Associates Moeen Qayum and Kathryn Finch, and Trainee Gemma Dreelan, while TGS Baltic's team included Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas, and Junior Associate Kotryna Visockyte.

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