The nominal value and the issue price of the issued bonds are EUR 11 million and the nominal value and the issue price per bond is EUR 100,000. The bonds will be redeemed after four years.
TGS Baltic team - Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas, with Latvian colleagues - Partner Andra Rubene and Senior Associate Inese Rendeniece advised Credit Value Investments on legal issues pertaining to the transaction. The team structured the transaction, instruments ensuring the performance of obligations, prepared related legal documentation and carried out Civinity’s legal due diligence.
AB Civinity manages companies administrating and maintaining residential and commercial buildings in Lithuania and Latvia.
Credit Value Investments is an independent Polish investment company operating in Central and East European financial markets. The company has already implemented over 500 transactions and the value of managed assets exceeds EUR 750 million. This transaction is the company’s first investment in Lithuania.