TGS Baltic advised Auga group on issuing EUR 20 million of green bonds

17.12.2019 TGS Baltic advised Auga group on issuing EUR 20 million of green bonds

TGS Baltic advised AUGA group, AB in approval of the bond programme for up to EUR 60 million and issue of the first green bonds issue in the amount of EUR 20 million according to the programme.

It is the first instance of issuing green bonds by private equity companies in the Baltics. Also, according to value and the number of investors, it is one of the biggest issues on Nasdaq Baltic exchange.

TGS Baltic – Partners Vidmantas Drizga and Dalia Tamašauskaitė-Žilienė, Associate Partner Mantas Gofmanas and Senior Associate Eglė Neverbickienė – were advisors to the company in this process on the Lithuanian law issues, who structured the transaction, prepared a base prospectus of the company, final terms of the bonds offering, mortgages for investors, other documents in connection with the project, represented the company in the Bank of Lithuania in approval of the prospectus, AB Nasdaq CSD, SE in registration of the bonds, also in AB Nasdaq Vilnius in their admission to trading on this regulated market.

AUGA group is among the biggest organic food companies in Europe, operating according to the principle “from field to shelf”. The company group cultivates about 38 000 ha of land with ecological certification, where it develops a sustainable model of agriculture, based on new technologies, which covers crop production, cattle breeding, poultry farming and mushroom growing.