TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius

28.04.2020 TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius

TGS Baltic advised Šiaulių bankas on listing on Debt Securities List of Nasdaq Vilnius non-publicly issued 20 MEUR of subordinated bonds, which will soon be admitted to trading on this regulated market.

TGS Baltic team – Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas and Associate Karolina Lapinskaitė – acted as legal advisors to the bank in this process:  drafted the prospectus for admission of the bonds to trading on the regulated market as well as other documents related to the project, and represented the bank before the Bank of Lithuania and before Nasdaq Vilnius on this matter.

Šiaulių Bankas is the largest Lithuanian capital bank, a steadily and consistently growing financial partner, paying special attention to business financing and consumer financing solutions. The priority area of Šiaulių Bankas is financing of small and medium-sized enterprises (SMEs). The Bank provides loans to SMEs funded by the European Regional Development Funds (risk-sharing loans as well as portfolio guarantees). Šiaulių Bankas actively participates in apartment building renovation projects, finances the implementation of energy saving programmes in the country and is the leader in renovation financing in Lithuania.