In 2019/2020 CMAAS team leveraged its knowledge and assisted clients in raising c. EUR 1.9bn worth of capital by issuing equity and bonds

High yield bonds listed on the Irish GEM exchange

Our Client has debuted in the high yield bond market and issued senior unsecured notes under Rule 144A. The bonds are sub-investment grade as ranked by Standard & Poor’s and Fitch and pay a fixed coupon. The bonds succeeded in attracting the institutional investors from the UK, USA, EU and Asia, with its use of proceeds for further business development.

Dual tranche bonds listed in Luxembourg

We assisted the Company with issuing a dual tranche high yield bonds with fixed and floating coupons under Rule 144A. The offering attracted strong demand that allowed to increase the initial deal size. The company used its proceeds for capital structure refinancing and dividends. Switching from bank to mostly bond financing gave the company more flexibility, with incurrence covenants only, to raise new debt, and other sponsor-friendly features.

Green bonds listed on NASDAQ Vilnius

We assited our Client in issuing green unrated bonds under Reg S with a fixed coupon. The total institutional and retail demand exceeded the offer base and came mainly from the Baltics. The use of proceeds was for working capital and other general corporate purposes.

Primary IPO listed on NASDAQ Vilnius and London Stock Exchange

Our Client went public with its all primary equity and GDRs issuance under 144A Rule. Investors, including a cornerstone, mainly came from the UK and continental Europe, with use of proceeds announced for digitisation and futher business development.

Investment grade green bonds listed on Luxembourg Stock Exchange and NASDAQ Vilnius

We assited our Client with issuing investment grade green senior unsecured bonds under Reg S. The bonds pay a fixed coupon and were acquired by investors mainly from the UK, Germany and Lithuania. Use of proceeds was intented for further business development and refinancing of existing debt.

IPO, comprising primary and secondary offerings, listed on the Euronext Brussels stock exchange

We supported our Client in launching its IPO on the Euronext Brussels stock exchange under the Rule 144A. The offering attracted strong demand from a few cornerstone and many other institutional investors. The majority of investors were from the United Kingdom, Sweden and France. The company used its proceeds for its further expansion in Europe.