Invalda INVL’s successful first EUR 10 million public notes issue will be included on the Nasdaq Vilnius exchange’s Baltic Bond List as of 1 July.
Invalda INVL completed the EUR 10 million offering of 3-year notes with an annual interest rate of 7% to retail and institutional investors in the Baltics in mid-June this year. The debt securities were 2.9 times oversubscribed.
With this bond issue, Invalda INVL intends to finance its general corporate needs while also contributing to the development of the capital market.
The Bank of Lithuania on 28 May this year approved the base prospectus of Invalda INVL for a programme of issuance of notes in the amount of up to EUR 25 million. Under the programme, Invalda INVL may issue one or more series of non-convertible euro-denominated notes with a maturity of up to 5 years. The notes are to be secured by pledging as collateral a portion of the shares held by the company in Šiaulių Bankas, targeting to keep the value of the collateral at a loan-to-value ratio (the ratio of the notes issue size to the value of the pledged assets) not exceeding 50%.
About Invalda INVL
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. Growing and developing with an open approach, it creates well-being for people through its work. The group’s companies manage EUR 1 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania and Latvia, management of pension funds in Latvia, and investments in global third-party funds.
The shares of Invalda INVL have been traded on the Nasdaq Vilnius stock exchange since 1995. Further information is available here: https://www.invaldainvl.com/en/.
Important notice
The information contained herein is a marketing communication and should not be considered an offer or invitation to purchase any specific securities of the company. We remind you that investing in securities, including bonds, involves certain risks, including the potential loss of part or the entire investment. Therefore, before investing in the notes, each potential investor must assess their experience, financial capabilities, needs and investment objectives, and carefully familiarize with the prospectus and other documents related to the issuance of the notes, including the final terms of the first tranche and the issue specific summary.