The notes may be redeemed early and the interest rate reset at the option of the issuer 3.25 years from the issue date. The annual fixed rate coupon on the notes up to the reset date will be 4.853 %. The settlement will take place on 5 September. The notes will be listed on the regulated market of Euronext Dublin.
The notes were distributed to nearly 100 international institutional investors across the UK, Germany, France, Switzerland, the Baltic States, and other nations, as well as public financial institutions.
Šiaulių Bankas, as the issuer, was advised on legal matters by TGS Baltic lawyers: Dalia Augaitė, Marijus Kriščiūnas, Gabija Šidlauskaitė, Nortautas Zenevičius, and Lukas Stankevičius.
