The company UAB "Vilniaus miesto projektai" managed by the investment company "Lords LB Asset Management" borrowed 8 million euros in the bond market for twelve months with 6,5 percent annual interest.
The bonds were purchased by more than 40 private and institutional investors from all Baltic countries. The total amount signed by investors was almost 10,4 million. euros and exceeded the amount of bonds offered.
The funds collected during the bond issue will be used for the refinancing and development preparation stage of the real estate complex "Audejas" redevelopment project. "For the planned conversion, we have already confirmed pre-project proposals in 2021, according to which the technical project is currently being prepared. Offices and colliving buildings. When planning a long-term lease, we will ensure not only a comfortable life for the tenants, but also attractive communal spaces. We focus on the segment of young professionals and young families, because they are the ones who want to live in a comfortable and modern place close to the city center, while not being too far from nature, - A. Pocienė shared the project plans.
"We want to offer the market a product close to the city center, in a convenient and popular location, but with a more relaxed environment. We feel a lot of interest from potential customers, who identify this place as a promising and attractive place to live and develop a business in the city. The surrounding changing territory and excellent infrastructure allow us to believe that the future buildings will be attractive to everyone without exception", said A. Pocienė.
The bond issue was organized by Redgate Capital, the legal advisor for the offering was the law firm Ellex Valiūnas ir partnersai, and the securities issue agent was Šiaulių bankas. Audifina has been appointed as trustee for the bondholders.
