"Ellex Advises on Valstybes Investicinis Kapitalas' €25 Million Bond Issue for Defense Investment"

"Ellex has assisted Valstybes Investicinis Kapitalas in issuing a EUR 25 million bond under a EUR 400 million EMTN program, with Luminor Bank as the sole distributor. The bonds, valued at EUR 1,000 each and yielding 3.119%, will mature on September 24, 2029. This issuance, aimed at institutional investors in the Baltics and Nordics, is the first Nasdaq Defense Bonds under the European Defense Bonds Framework, with funds allocated for the Rheinmetall Defence ammunition factory. The Ellex team included Partner Karolis Kacerauskas and Associates Egle Neverbickiene and Egle Radvilaite."

**Law Firms Involved in the Transaction:** Ellex advised Valstybes Investicinis Kapitalas in a EUR 25 million bond issue, while Luminor Bank Lithuanian branch acted as the sole distributor. **Transaction Overview:** The transaction involved a four-year bond issue under the updated, state-guaranteed EUR 400 million EMTN program. The bonds, each with a nominal value of EUR 1,000, carry a yield of 3.119% and are set to mature on September 24, 2029. This issuance is notable as it is the first Nasdaq Defense Bonds under the European Defense Bonds Framework, with the proceeds designated for investment in the Rheinmetall Defence ammunition factory. **Legal Team:** The Ellex team comprised Partner Karolis Kacerauskas, Associate Partner Egle Neverbickiene, and Senior Associate Egle Radvilaite.

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"Ellex Advises on Valstybes Investicinis Kapitalas' €25 Million Bond Issue for Defense Investment"

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