Lithuania’s Orkela amends final terms for 6% bonds due 2025

By Mary Katherine Stinson

Lexington, Ky., Jan. 4 – UAB Orkela amended the final terms for its third tranche of its 6% bonds due Jan. 19, 2025, according to a notice.

The purpose of the amendment was to update information on the subscription channels and introduce an additional manager, UAB FMĮ (Evernord). AB Siauliu bankas is the issuer and lead manager.

The subscription period began on Dec. 28. Investors will have until Jan. 15 to subscribe to the €1,000-par bonds. There is a discount of 96.28118.

The bonds will yield 10% annually.

Jan. 16 is the payment date. The issue date will be Jan. 19.

The company is offering up to €10 million of the bonds in the Republic of Lithuania, Latvia and Estonia.

The prospectus and final terms are published on the issuer’s website at https://lordslb.lt/orkela_bonds/.

The real estate development company is based in Vilnius, Lithuania.

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