TEGOS client Civinity Group, one of the largest building maintenance service providers and engineering and technology solution developers in the Baltics, has completed the placement of the first two tranches of its bond programme of up to EUR 50 million, raising EUR 10.35 million from investors at an annual interest rate of 10%.
While previously issued bonds were listed on the alternative market First North, administered by Nasdaq Vilnius, the newly issued bonds are now included on the regulated market of Nasdaq Baltic – a significant milestone for the company.
The company had previously raised EUR 8 million in both 2021 and 2023 through public bond issues, which were listed on the alternative market “First North” administered by Nasdaq Vilnius. This time, the bonds will be listed on the regulated market of Nasdaq Baltic.
Civinity was advised on all legal matters related to the transaction documentation by the TEGOS team – Dalia Augaitė, Nortautas Zenevičius, Gabija Šidlauskaitė, and Paulius Žaliauskas.
