Ellex Valiunas assisted a company managed by Lords LB Asset Management in the successful issuance and redemption of bonds worth EUR 55 million
Investmira, a company controlled by a subfund managed by Lords LB Asset Management, has achieved the largest redemption of a private placement bond issue in the history of the investment management company. The bond issue, distributed since the beginning of June 2021, attracted exceptional interest from investors.
After successfully completing the development stage of the Artery business centre in Konstitucijos Avenue, the company redeemed bonds worth EUR 55 million. Artery is the second commercial real estate project developed by Lords LB Asset Management in the centre of Vilnius in the last two years. The project garnered significant attention from tenants: by the end of the building’s construction, 90% of the centre’s area was already leased.
Ellex Valiunas legal team has been advising the client since 2021 on all legal issues related to the issuance and redemption of bonds, representation in negotiations, and the peculiarities of legal regulation in Lithuania and the European Union.