We advised Luminor in relation to the 3 billion euro note programme and issue of bonds

Luminor Estonia established an European Medium Term Note (EMTN) programme in the amount of EUR 3 billion and on 10 October issued a EUR 350 million senior unsecured inaugural bond with a maturity of three years under the newly established EMTN Programme. The bonds are listed on the Irish stock exchange.
The investors are from the Baltics and across Europe, covering 14 countries in total. The bond carries a provisional Senior unsecured Moody´s rating of Baa2.
The scale of the investment proves that Luminor’s financial profile is strong and that Luminor as a credit institution is an intriguing investment case for both Baltic and international investors. The issuing of bonds will also have an overall positive effect on the Estonia and Baltic capital markets.
Luminor was advised by Partner Raino Paron, Senior Associate Helen Ratso and Lawyer Kevin Gerretz.