Cobalt has advised Coffee Address Holding on raising EUR 5 million in a private bond placement, to support its growth strategy, with Signet Bank as the arranger.
Coffee Address Holding is a coffee solutions provider in the Baltics.
According to Cobalt, the bond issue attracted significant interest, with total demand reaching EUR 9.2 million – an oversubscription of 84% - from 37 investors, of which institutional investors accounted for 61% and private investors 39%. The bonds have a three-year maturity and carry a coupon rate of 8.50%.
The Cobalt team included Partner Edgars Lodzins and Senior Associate Krisjanis Buss.
