TGS Baltic was the main legal counsel in EUR 16 000 000 bond issue by ESTO Holdings OÜ

27.12.2021 TGS Baltic was the main legal counsel in EUR 16 000 000 bond issue by ESTO Holdings OÜ

TGS Baltic was the main legal counsel in the EUR 16 000 000 senior-secured bond issue by ESTO Holdings OÜ, the parent company of ESTO Group, which provides automated financing and payment solutions.

The lead arranger and sole bookrunner of the issue was Signet Bank (Latvia), the global coordinator and financial advisor to the issuer was Aalto Capital (Germany). The bonds are planned to be listed on the Alternative Market of the Nasdaq Baltic First North.

For us, this project was significant because we were able to contribute to the next growth phase of an Estonia-based market player well known in its field across the Baltics. Our project team consisted of head of TGS Baltic’s Estonian B&F practice group and partner Kirsti Pent, senior associate Olger Kaelep and lawyer Ketriin Laumets.