Capital Markets

Finance & Capital Markets Capital Markets

"The firm [...] stands out for its capital markets expertise” and "professionalism of service".

Capital markets are an increasingly important source of finance for Baltic businesses. Seeking alternatives to bank financing, mature companies are tapping Baltic, Scandinavian and Eastern European exchanges with bond and equity listings.

We are the leading advisor for capital markets in the Baltics. Thanks to our extensive experience, we understand the practice trends of the regulatory institutions. We regularly contribute to the innovation of established practices and bring international experience to the Baltics.

Major Deals

  • 23.04.2024

    TGS Baltic advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors

    Our team advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors. 

    This complements the Röntgen brand's existing presence in the financial sector: the management company’s sister company Röntgen is a provider of crowdfunding services.

     

     

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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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  • 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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  • 14.02.2023

    The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue

    Baltic team of Vidmantas Drizga, Dalia Augaitė, Inese Hazenfusa, and Mārtiņš Galzons advised Eco Baltia (managed by private capital fund INVL Baltic Sea Growth Fund) on entering the bond market. The client issued 8 million EUR of its inaugural 3-year bonds.

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  • 13.12.2022

    TGS Baltic advised the largest Lithuanian capital bank Šiaulių bankas on its 85 MEUR bond listing on Nasdaq Vilnius

    TGS Baltic advised Šiaulių Bankas on their issue of 85 MEUR of restricted senior preferred notes. Altogether bond issue of Šiaulių bankas in the value of EUR 160 MEUR is traded as from 9 December 2022, for which 1.047% annual interest is paid.

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  • 10.11.2022

    TGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets

    Together with the international law firm Dentons, we advised the Republic of Lithuania on two benchmark bond transactions:

    • The issuance of EUR 900 million 4.125% Notes due 2028,
    • EUR 300 million tap of existing EUR 670 million 2.125% Notes due 2032.
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Awards & Recognition

  • Chambers and Partners

    The firm “is well known for its work on private placements and initial and secondary public offerings.”

    Chambers and Partners
  • Chambers and Partners

    “Impresses clients with its full-service capability and strength in multi-jurisdiction deals. […].”

    Chambers and Partners
  • Legal 500

    “The firm's strengths are the professionalism of service, engagement, availability, and creativity.”

    Legal 500

Team

Key Contacts