Ellex has advised a Lords LB Asset Management subsidiary SPV on a EUR 23 million bonds issuance.
According to Ellex, the Lords LB Asset Management subsidiary is "developing an educational and hospitality real estate complex in Vilnius center. The first part of the bond issue in the amount of EUR 5 million has been successfully issued without a prospectus under the exemption provided in the applicable EU securities law. The second part of the issue of the bonds will continue under the prospectus for the public offering of bonds EUR 18 million approved by the Bank of Lithuania on May 24, 2022, with the anticipated total bonds of EUR 23 million listing in the main bond list of Nasdaq."
Lords LB Asset Management is an investment management services provider in Lithuania. The company manages the collective investment undertakings and includes 12 real estate funds, one private equity fund, one energy, and infrastructure fund, and two investment companies.
The Ellex team included Partners Ieva Dosinaite and Giedrius Stasevicius, Associate Partner Egle Neverbickiene, and associate Egle Radvilaite.