TGS Baltic, working with Dentons, has advised Siauliu Bankas on a EUR 300 million issuance of 4.25-year senior preferred fixed-rate reset notes. Linklaters and Sorainen reportedly advised the arrangers.
According to TGS Baltic, Citigroup, Erste Group, Goldman Sachs Bank Europe, and Morgan Stanley, as well as Siauliu Bankas AB were the joint lead managers.
Furthermore, the firm reports that "the notes may be redeemed early and the interest rate reset at the option of the issuer 3.25 years from the issue date. The annual fixed rate coupon on the notes up to the reset date will be 4.853 %. The notes will be listed on the regulated market of Euronext Dublin."
Earlier this year, TGS Baltic advised on EIB and Siauliu Bankas' agreement for a new EUR 200 million renovation fund (as reported by CEE Legal Matters on February 21, 2024).
The TGS Baltic team included Partners Dalia Augaite and Marijus Krisciunas, Senior Associate Lukas Stankevicius, Associate Nortautas Zenevicius, and Legal Assistant Gabija Sidlauskaite.
