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Terseta UAB belongs to the Lord LB Asset Management group company Lords LB Baltic Fund IV. The maturity of the securities is 18 months and the annual rate is 6%.
“The successful issuance of corporate bonds and the high interest of investors confirm that investing in the real estate market is a great alternative for investors who want to diversify their investment portfolios and buy corporate bonds in various sectors,” admits Ritis Zaloga (Lytis LB Baltic Fund IV) fund manager Zaloga).
The proceeds from the bond issue will be used to purchase the main post office building in Vilnius. The acquisition is planned to be completed in the coming weeks.
The bonds have been purchased by more than 50 private and institutional investors from all Baltic countries. The total demand from investors reached 16.3 million euros, exceeding the offered amount more than twice. The bonds are planned to be included in the Nasdaq First North alternative market. In the future, Lords LB Asset Management plans to offer several more new financial instruments to investors.
The bond issue was organized by the investment company Redgate Capital, the legal advisor of the issue was Ellex Valiunas, and the securities issue agent was Šiauliu Bankas. The representative of the bond investors was Grant Thornton Baltic.
Lords LB Asset Management currently manages 15 funds: 12 real estate funds, 2 private equity funds and one energy and infrastructure fund. As of June 2020, its total value of assets under management exceeded 605 million euros.
One of the funds of the asset management company ‘Lord LB Asset Management’ was acquired by banks this autumn Citadel head office building in Riga. Previously, in Pārdaugava, the fund also purchased the former Press House building and the adjacent land plot in the area of 5.8 hectares for 16.8 million euros.
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