Sun Investment Group, an international solar energy projects development group, has successfully concluded its public bond offering, raising €8 million.
The bonds will have an annual interest rate of 11.5%, with interest payable semi-annually. The bonds have a maturity term of 2 years.
In addition to Lithuanian investors, investors from Estonia and Latvia, who are already familiar with the Company from the previous bond issue of last year, actively participated in the subscription, resulting in oversubscription of the bonds.
According to Deividas Varabauskas, CEO of Sun Investment Group, the success of the bond issue indicates not only the investors’ willingness to invest in renewable energy, but also their confidence in Sun Investment Group’s strategy and team, as well as in its solid financial performance.
The bond offering was organized by Orion Securities. The Company was advised on all legal matters of the issue by TGS Baltic lawyers – Partner Dalia Augaitė, Associate Kotryna Visockytė, and Legal Assistant Gabija Šidlauskaitė.
