TEGOS client Urbo Bank – a Lithuanian-capital commercial bank providing daily lending, savings, and financial services to business and private clients – successfully listed its bonds on the Nasdaq Baltic regulated market on 24 November.
Through the public bond offering, Urbo Bank attracted more than EUR 6.8 million in investments, which will strengthen its capital base and support the bank’s further development.
“The successful placement of this issue confirms the strong confidence investors have both in our bank and in the bond instrument itself. The higher-than-expected level of investor interest shows that the market views this type of investment instrument as attractive and in demand,” says Marius Arlauskas, CEO of Urbo Bank.
The client was advised by the TEGOS Lithuania Capital Markets Team – Dalia Augaitė and Nortautas Zenevičius.
