COBALT advised AB SEB Bankas on issuance of EUR 20 million notes by ALTUM

COBALT advised AB SEB Bankas as arranger and sole book runner of issuance of EUR 20 million notes by the development financial institution ALTUM. This was the second issue of notes within EUR 70 million notes issue programme established in 2019.

According to ALTUM, the transaction attracted a great deal of interest from investors in Latvia, Lithuania and Estonia and the notes were oversubscribed 3.8 times.

Legal assistance to AB SEB Bankas in the transaction was provided by COBALT’s banking and finance team led by Specialist Counsel Edgars Lodziņš.