Cobalt Advises Storent Holding on EUR 16.5 Million Public Bond Issuance

"Cobalt advised Storent Holding on a EUR 16.5 million public bond issuance, the second series under a EUR 50 million programme. Signet Bank acted as lead manager, with Redgate Capital and Artea Banka as distribution partners. Proceeds will refinance existing bonds and support Storent’s investment and growth plans. The offering combined an exchange option and a subscription, attracting 1,200+ investors; bonds to be listed on Nasdaq Riga."

Cobalt advised Storent Holding on its EUR 16.5 million public bond issuance. The transaction comprised the second series under Storent Holding’s EUR 50 million bond programme. Signet Bank acted as lead manager, with Redgate Capital and Artea Banka serving as distribution partners. According to Cobalt, the proceeds will be used to refinance existing bonds and to support Storent’s ongoing investment plans and growth strategy. The offering combined an exchange option for existing bondholders with a subscription opportunity for new investors and attracted participation from more than 1,200 investors. Storent’s overall bond investor base has now surpassed 5,000, making it one of the most widely held issuers in the Baltics. The new bonds will be listed on the Baltic Bond List of Nasdaq Riga. Cobalt previously advised Storent Holding on a EUR 8.7 million bond issuance in 2024 and on a EUR 10.5 million issuance in 2023, and in 2018 advised Storent Investments on a EUR 10 million bond issue. Cobalt represented Storent Holding with a team composed by: Partner Edgars Lodzins; Senior Associate Krisjanis Buss; Associate Vadims Zvicevics; Junior Associate Kate Birzgale.

Cobalt Advises Storent Holding on EUR 16.5 Million Public Bond Issuance

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