Advised a company managed by Lords LB Asset Management in the distribution of EUR 8 M. bonds

Vilniaus miesto projektai UAB, a company owned by investment management company Lords LB Asset Management, borrowed EUR 8 million on the bond market.

The legal advisor for the bond offering was a law firm Ellex Valiunas. The project was led by partners Ieva Dosinaitė and Giedrius Stasevičius together with associate Eglė Radvilaitė.

The bonds were issued with 12 months of maturity at an annual interest rate of 6,5% for the real estate project in Vilnius city.

The bonds were purchased by more than 40 private and institutional investors from all Baltic countries. The total amount of bonds subscribed by the investors exceeded the number of bonds offered EUR 2,4 mln.

Fund`s company Vilniaus miesto projektai plans to develop offices, co-living and shop space in the project planned in Lithuania`s capital. The buildings provide 508 dwellings for rent, two 30,000 sq. m of office buildings, as well as various commercial premises for trade and services.