Sorainen has advised the Luminor Bank on organizing and distributing restricted senior preferred notes with a total value of EUR 75 million for Siauliu Bankas. TGS Baltic reportedly advised Siauliu Bankas.
According to Sorainen, “the four-year bonds are issued with the issuer’s right to redeem them early after three years. The bonds will be listed on the Nasdaq Baltic Debt Securities List. Moody’s has assigned a long-term deposit rating of Baa2 with a positive outlook to Siauliu Bankas.”
Sorainen’s team included Partner Augustas Klezys and Senior Associate Dalia Augaite.
