Sorainen has advised investment company Atsinaujinancios Energetikos Investicijoscon on a non-public four-year green bond issue, with a total value of EUR 25 million at a 5% annual coupon.
Atsinaujinancios Energetikos Investicijos is managed by Lords LB Asset Management. The main distributor of the bond issue was Luminor bank.
According to Sorainen, ”the European Bank for Reconstruction and Development and eight other institutional investors were among the bond buyers. Private investors also purchased bonds for more than EUR 6.5 million.”
According to the firm, “under the terms of the issue, funds received will be used in accordance with Atsinaujinancios energetikos investicijos’ public Green Bond Framework. Investments will be mainly used for solar and wind energy projects in the Baltics and Poland.”
Soraienen’s team included Partner Augustas Klezys and Senior Associate Dalia Augaite.
