TEGOS client Refi Green, a company managed by INVL Asset Management Renewable Energy Fund I, on joining the Nasdaq Baltic First North market on 13 November. Through a private bond placement, Refi Green successfully raised EUR 8 million.
Key terms of the issue:
- Nominal value: EUR 1,000 per bond
- Annual interest rate: 8.5%, payable quarterly
- Maturity: 2 years
This is already the third bond issue by a company managed by the Fund to be admitted to First North – a strong indicator of the Fund’s growth and market confidence.
The TEGOS Capital Markets team – Dalia Augaitė, Nortautas Zenevičius, and Paulius Žaliauskas – guided the client Refi Green through this transaction.
About INVL Asset Management Renewable Energy Fund I
Established in 2021 by INVL Asset Management, this sub-fund for informed investors invests in early and mid-stage renewable energy (solar) projects. These include building new power plants, creating or acquiring infrastructure necessary for their operation, and efficiently managing existing plants in EU and EEA member states.
