TGS Baltic advised UAB Medicinos bankas in approving the bond programme of up to EUR 10 million and placing the first over EUR 2.2 million emission under the programme

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07 / 18

TGS Baltic advised UAB Medicinos bankas in approving the subordinated bond programme of up to EUR 10 million and placing the first over EUR 2.2 million bond emission under the programme. In the beginning of August, the placed bonds must also be admitted to trading on AB Nasdaq Vilnius. UAB FMĮ Orion securities acted as the bank’s intermediary for placement of the issue.

TGS Baltic Partner Vidmantas Drizga, Senior Associates Mantas Gofmanas and Sonata Krasauskienė, as well as Associate Donatas Šliora, were advisers to the bank in this process on legal issues, drafted the base prospectus of the programme, final terms and conditions of the offer, as well as other documents relating to the project, represented the bank in the Bank of Lithuania upon approval of the prospectus, in AB Nasdaq CSD, SE upon bond registration, as well as in AB Nasdaq Vilnius upon admission of the bonds to trading on the regulated market.

Medicinos bankas provides services to both natural and legal persons. The bank focuses on small and medium-sized businesses and renders various services to legal persons: business loans, leasing services, credit or leasing guarantees, factoring services, trade financing, deposit services and insurance, various daily banking services, insurance and vignettes. The bank has a well-developed customer service network in key geographical areas of Lithuania.