SBA group-managed company starts distributing 8 mln. Eur bonds

SBA Group-managed company has successfully and ahead of schedule completed a public bond issue in the amount of EUR 8 million for Urban HUB, the largest office, retail, and warehouse project in the Baltic States near Kaunas. The firm was advised by Ellex Valiunas` Banking and Finance practice.

The interest rate of the bonds is 10.75%, to be paid quarterly. The minimum investment amount was EUR 10,000. Bonds were offered to private and institutional investors. The offering was planned in tranches, but due to high demand, all of the bonds of the issue have been issued in one single tranche.

The project was implemented by Ellex Valiunas` associate partner Eglė Neverbickienė, partner Robertas Čiočys, and associate Ainis Augustas Petrulis.