TGS Baltic has advised UAB Medicinos Bankas in approving a subordinated bond program of up to EUR 10 million and placing the first ever bond emission exceeding EUR 2.2 million under the program. UAB FMI Orion securities acted as the bank’s intermediary for placement of the issue.
In the beginning of August, the placed bonds will also be admitted to trading on AB Nasdaq Vilnius.
Medicinos Bankas provides services to both natural and legal persons. The bank focuses on small and medium-sized businesses and renders various services to legal persons: business loans, leasing services, credit or leasing guarantees, factoring services, trade financing, deposit services and insurance, various daily banking services, insurance and vignettes. According to TGS Baltic, ”the bank has a well-developed customer service network in key geographical areas of Lithuania.”
TGS Baltic drafted the base prospectus of the program, final terms, and conditions of the offer and other documents relating to the project, represented the bank's successful application for the Bank of Lithuania's approval of the prospectus and in AB Nasdaq CSD, SE upon bond registration, as well as in AB Nasdaq Vilnius upon admission of the bonds to trading on the regulated market.
The firm's team included Partner Vidmantas Drizga, Senior Associates Mantas Gofmanas and Sonata Krasauskiene, and Associate Donatas Sliora.