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TGS Baltic, Dentons, Clifford Chance, and Walless Advise on Ignitis' EUR 300 Million Bond Issuance

TGS Baltic, Dentons, Clifford Chance, and Walless Advise on Ignitis' EUR 300 Million Bond Issuance

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TGS Baltic and Dentons have advised Ignitis group on the approval of its renewed EUR 1.5 billion medium-term debt securities program and EUR 300 million bond issuance. Clifford Chance and Walles advised intermediaries BNP Paribas, Citi, J.P. Morgan, and Luminor bank.

The bonds were admitted to trading on the Luxembourg stock exchange and on Nasdaq Vilnius. Investors from the Baltic region acquired about 24% of the issue. The bonds will pay 2.000% annual interest and were subscribed at 2.148% yield.

The Ignitis group produces, distributes, and supplies energy and provides other energy services. According to TGS Baltic, "the Ignitis group also pays special attention to green energy development, aiming to become the region’s main competence center for new energy and a leader in distributed energy solutions in the Baltic Sea region and beyond."

TGS Baltic's team consisted of Partners Vidmantas Drizga and Robertas Degesys, Associate Partner Mantas Gofmanas, Senior Associate Augustinas Razumas and Legal Assistant Kotryna Visockyte.

Walless's team consisted of Partners Joana Baublyte-Kulviete, Mindaugas Lukas, and Vaidotas Puklevicius, Associate Partner Laurynas Narvydas, and Associate Gabriele Adomaviciute.

Dentons' London-based team included Partner Nick Hayday, Senior Associate Victoria Wyer, Associate Niharika Khimji and Trainee Jessica Matheret.

Clifford Chance's London-based team was led by Partner Paul Deakins and included Senior Associate Kathryn McArdle and Trainee Solicitor Muzammil Malamji.

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