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Dentons Advises Siauliu Bankas on EUR 50 Million Additional Tier 1 Notes Issuance

Lithuania
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Dentons, reportedly working with TGS Baltic, has advised Siauliu Bankas on its EUR 50 million issuance of additional tier 1 notes with Goldman Sachs Bank Europe as the sole lead manager. Linklaters and Sorainen reportedly advised Goldman Sachs.

According to Dentons, this transaction marks the first AT1 issuance by a Lithuanian bank and follows Siauliu Bankas' inaugural international bond issuance last month (as reported by CEE Legal Matters on September 9, 2024). "The EUR 50 million 8.750% fixed rate reset perpetual additional tier 1 temporary write down notes will be listed on the Global Exchange Market of Euronext Dublin."

The Dentons team included London-based Partner Neil Dixon, Associates Thomas Breheny and Miriam Babarinde, and Trainee Nia Powell.