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Walless Advises Capitalica Baltic Real Estate Fund I on EUR 3 Million Bond Issuance

Walless Advises Capitalica Baltic Real Estate Fund I on EUR 3 Million Bond Issuance

Lithuania
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Walless has advised Capitalica Baltic Real Estate Fund I on the issuance of EUR 3 million bonds and their November 30, 2020 listing on the First North market of Nasdaq Vilnius on November 30, 2020.

The nominal value of one bond is EUR 100. The three-year bonds have an annual interest rate of 6.5% and mature on October 30, 2023.

Capitalica Baltic Real Estate Fund I is managed by Lithuania’s Capitalica Asset Management, which focuses on commercial real estate properties and projects.

According to Walless, the bond issuance is meant to raise capital for the development of the Verde office complex in Riga.

Walless's team was led by Associate Partner Laurynas Narvydas.