Banking & Finance

Finance & Capital Markets Banking & Finance

“Banking & Finance is a core area at TGS Baltic, which attracts an extensive client portfolio” thanks to its “high level of service and excellent response times.” 

Digital transformation in the finance sector requires an insightful business mindset that combines the client's understanding of the market with new generation legal solutions. Our banking and finance team is there to assist  clients in everyday market challenges, providing support across all sectors.

We advise in connection with financing transactions, borrower due diligence, project finance, creation of collateral, legal opinions, debt restructuring, and other matters.

Our clients are businesses, governments, financial supervision authorities and EU institutions, as well as all major Baltic financial institutions and international banks. Our banking and finance practice team is regularly ranked among the best in the Baltic region for its know-how, business understanding, contacts, and creative solutions.

Major Deals

  • 16.05.2024

    The Latvian national airline airBaltic issues 340 million 5.25-year secured euro bonds

    TGS Baltic advised joint global coordinators BNP Paribas, Citi, and J.P. Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank on the issue by the Latvian national airline airBaltic of 340 million 5.25-year secured euro bonds to be listed on Euronext Dublin stock exchange. This is the largest corporate bond issue originating from Latvia.

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  • 21.03.2024

    TGS Baltic assisted Šiaulių Bankas on the implementation of „SB Modernization Fund 2“ as securitisation vehicle

    On March 21, 2024, the „SB Modernization Fund 2“ was established as a securitization vehicle and a subsidiary of Šiaulių Bankas to finance the renovation of multi-apartment buildings. UAB „SB Modernization Fund 2“ signed the financing agreements with the European Investment Bank (EIB), acting as Lithuanian national funds manager, Swedbank AB, the European Bank for Reconstruction and Development (EBRD), Šiaulių Bankas, and SB Asset Management, an asset management company.

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  • 12.03.2024

    TGS Baltic assisted Ignitis Group in signing a 105 million EUR long-term financing agreement with EIB

    On March 12, Ignitis Group signed an agreement worth 105 million EUR with the European Investment Bank (EIB) for the 5th unit of the Kruonis Pumped Storage Hydroelectric Power Plant.

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  • 23.02.2024

    TGS Baltic provided legal assistance in a private bond placement performed by the leading egg production and trading company in the Baltics - AS APF Holdings

    APF Holdings, which includes one of the largest Baltic egg producers SIA Alūksnes putnu ferma, has raised 7 million euros in a private bond issue for the implementation of its development plans. The entire bond issue volume was acquired by the Polish investment company CVI. The maturity for the bonds is set at four years.

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  • 13.02.2024

    TGS Baltic assisted European Investment Bank (EIB) on signing an agreement with Šiaulių Bankas to set up and manage a second EUR 200 million renovation fund.

    On February 13, 2024, Šiaulių Bankas signed an agreement with the EIB to amend the 2020 operational contract for the Multi-apartment Building Renovation Fund, committing to set up and manage a second EUR 200 million multi-apartment building renovation fund.

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  • 09.01.2024

    TGS Baltic advises on iCotton’s EUR 20 Million secured bond issue with Signet Bank.

    TGS Baltic advises iCotton, a prominent Baltic hygiene products manufacturer, in its issue of EUR 20 Million secured bonds in collaboration with Signet Bank. The bonds, offered in a private placement, are anticipated to be listed on the Nasdaq Riga First North alternative market in the near future.

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Awards & Recognition

  • Chambers and Partners

    “This full-service practice remains a trusted brand” with “broad experience, including transaction finance, capital markets, and banking regulatory work.”

    Chambers and Partners
  • Chambers and Partners

    “Sources note this team's strong work ethic and commitment to its clients. [...] It is also highly skilled in distressed loan restructuring and EU financing schemes.”

    Chambers and Partners

Team

Key Contacts