TGS Baltic has advised Lithuanian state-owned energy transmission and exchange group Epso-G on its EUR 75 million issuance of five-year sustainability-linked bonds.
According to TGS Baltic, “the project is significant for the entire Baltic capital market, as the interest rate of the bonds was the first linked to compliance with ESG requirements. The five-year bond issue with a 3.117% yield raised EUR 75 million. The bonds have been acquired by institutional investors from Lithuania, Latvia, Estonia, and Sweden. Almost one-third of the amount came from the European Bank for Reconstruction and Development.”
TGS Baltic’s team included Partner Vidmantas Drizga, Senior Associate Karolina Lapinskaite, and Junior Associate Kotryna Visockyte.
TGS Baltic did not respond to our inquiry on the matter.
