Vilnius business center 'Sąvaržėlė' launches additional bond offering

The business center "Sąvaržėlė" in Vilnius is initiating an additional phase of its bond issuance, offering investors in the Baltic states the opportunity to invest up to 5 million euros. This move aims to further finance the development and operations of the business center.

Each bond will have a nominal value of 100 euros. Investors will receive accrued interest on the redemption day, which is set for December 19 of this year. The bonds carry a fixed annual interest rate of 8%, providing a predictable return for those participating in the offering.

The distribution of these bonds will take place in Lithuania, Latvia, and Estonia until July 3. The process will involve investors subscribing to the bonds through the "Nasdaq" auction mechanism via exchange members. "Artea" bank is organizing the offering. Depending on investor demand, the subscription period may be shortened.

The bonds are scheduled to be issued on July 9, with the settlement for the bonds occurring on the same day. "Lords LB Asset Management" announced the completion of the "Sąvaržėlė" business center's construction in late April.