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Sorainen Advises Luminor Bank on Siauliu Bankas EUR 75 Million Notes Issuance

Sorainen Advises Luminor Bank on Siauliu Bankas EUR 75 Million Notes Issuance

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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.

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