TGS Baltic has advised Zalvaris on its EUR 5 million Siauliu Bankas-arranged public bond issuance and the subsequent admission of those bonds to trading on the Nasdaq Baltic First North market by Nasdaq Vilnius.
Zalvaris is a Lithuanian waste management company. According to TGS Baltic, each bond has a nominal value of EUR 1,000, a 9.5% annual coupon, and a two-year maturity. The issue attracted 647 investors, with an oversubscription totaling EUR 15 million.
The TGS Baltic team included Partner Dalia Augaite and Legal Assistant Gabija Sidlauskaite.
