Invalda INVL, a leading asset management group, is commencing a first EUR 10 million public offering of fixed-rate notes to private and institutional investors in the Baltics on 3 June.
The issue has a maturity of 3 years. The annual interest rate of the notes will be set in the range of 7-8% and announced upon completion of the offering. Interest will be paid to investors semi-annually.
Through this notes issue, Invalda INVL intends to finance its general corporate needs while also contributing to the development of the capital market.
“This is the first time we are issuing notes to the public, as we want to have diversified sources of debt capital and at the same time to provide opportunity for all investors operating in the Baltics, including retail investors, to take part in this”, says Darius Šulnis, the CEO of Invalda INVL.
Private and institutional investors in Lithuania, Latvia and Estonia will be able to purchase up to 10,000 notes of the company with a nominal value of EUR 1,000. The minimum investment amount is EUR 1,000. The notes will be offered publicly until 1 p.m. on 12 June. The public offering of Invalda INVL notes is being organized by Šiaulių Bankas and the financial brokerage company INVL Financial Advisors, which operates under the INVL Family Office brand. The noteholders’ trustee is the audit firm Audifina.
Invalda INVL also intends to apply to Nasdaq Vilnius for the listing and admission to trading of the notes on the Nasdaq Baltic Bond List. The admission of the notes to trading is expected to take place within 3 months.
More details about the notes issue and the offering process are available at www.invaldainvl.com in the section for investors.
A webinar for investors and question-and-answer session will be held on 6 June at 4 p.m. The link to register is here.
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.