Sorainen has advised Lords LB-managed Atsinaujinancios Energetikos Investicijos on a second four-year green bond issuance. Luminor Bank was the main distributor of the EUR 10 million issuance.
According to Sorainen, “this is the second placement of Atsinaujinancios Energetikos Investicijos under the EUR 100 million bond program … Under the terms of the issue, the funds received will be used in accordance with Atsinaujinancios Energetikos Investicijos’ public Green Bond Framework. Investments will be mainly used for solar and wind energy projects in the Baltics and Poland.” A total of EUR 35 million in bonds issued to date will be listed on the Nasdaq Vilnius stock exchange on July 20, 2022.
Last year, Sorainen advised Atsinaujinancios Energetikos Investicijos on the first – EUR 25 million – green bond issuance (as reported by CEE Legal Matters on December 17, 2021).
Sorainen’s team included Partner Augustas Klezys, Senior Associate Dalia Augaite, and Associate Egle Martinaityte.