"Urbo" bank launches 3.14 million euro bond offering for Baltic investors

Lithuanian bank "Urbo" has launched the second phase of its bond offering, making 3.14 million euros available to Baltic investors with a projected yield of 7% until redemption.

Each bond is priced at 1,000 euros, and investors will receive interest payments on a quarterly basis. The bonds are set to mature on October 21, 2035. "Urbo" bank retains the option to redeem the bonds earlier, specifically after five years from issuance, provided bondholders are notified at least 30 days in advance.

Marius Arlauskas, Head of Administration at "Urbo" bank, stated that the funds raised are crucial for consistently increasing financing volumes, expanding services, and more actively supporting clients' plans. He emphasized the bank's commitment to sustainable growth while maintaining a strong financial foundation.

This offering follows the bank's successful first phase of subordinated bond placements last autumn, which raised 6.86 million euros. Previously, in 2018, "Urbo" bank issued 7-year subordinated bonds valued at 2.21 million euros, acquired by over a hundred investors from five countries. This earlier issuance was redeemed in July 2024.

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Attracted funds will allow us to consistently grow financing volumes, expand services, and contribute even more actively to the implementation of clients' plans. It is important for us to grow sustainably, maintaining a strong financial foundation.