By Marisa Wong
Los Angeles, Nov. 29 – Valstybes investicinis kapitalas UAB issued €20 million of additional four-year senior notes under the same terms and conditions as the original tranche issued on Sept. 22 (ISIN: LT0000405664), according to a Thursday press release.
The zero-coupon notes were priced to yield 0.05%.
The notes were issued under the company’s €400 million program.
Luminor Bank AS acted as manager and bookrunner, and law firm TGS Baltic advised on transaction documentation.
The private placement was subscribed by Baltic institutional investors. The total amount of submitted purchase orders reached €140 million, according to the release.
Proceeds from the tap issue will be used to provide additional capital to the Aid Fund for Business, which is managed by the State Investment Management Agency.
Valstybes investicinis kapitalas is a company established by Lithuania’s Ministry of Economy and Innovation, which is a limited partner of the State Aid Fund for Business, a limited partnership, and is the vehicle for the state’s contribution to the fund.
| Issuer: | Valstybes investicinis kapitalas UAB
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| Issue: | Senior notes, tap issue
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| Amount: | €20 million
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| Maturity: | Sept. 22, 2025
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| Bookrunner: | Luminor Bank AS
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| Law firm: | TGS Baltic
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| Coupon: | 0%
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| Yield: | 0.05%
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| Announcement date: | Nov. 25
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| ISIN: | LT0000405664
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