On 14 May, Ignitis Group announced an issue of Eurobonds in the size of EUR 300 million with an annual interest rate of 2.00 % and at the yield of 2.148 %.

The raised funds will be used by Ignitis grupė, former Lietuvos Energija, to implement the group's goals in developing green energy and ensuring the reliability and efficiency of the distribution network, as well as to refinance existing debts.
The issued bonds will be listed on the Luxembourg and AB Nasdaq Vilnius stock exchanges. Luminor Bank acted as the Co-Manager and the Dealer of the transaction.
Head of the Markets Department of Luminor Bank Paulius Žurauskas said that this transaction marks a successful comeback to the debt capital markets by Ignitis Group following two successful EUR 300m 10-year Green bond trades in 2017 and 2018 and a re-branding in September 2019.
“Considering the high tension and uncertain environment that credit markets operate in these days, as well as an exceptionally busy week with a large amount of good quality corporate debt supplied, I would describe this offering of notes as highly successful. Ignitis Group had to compete for demand from international investors with very well established European borrowers like E.ON, Deutsche Post and Daimler,” Žurauskas said.
He also expressed his pleasure at the active engagement of the Baltic investors throughout the process, which is reflected in the final book statistics. “With the Baltic region accounting for 24 % of the offering, we are proud to contribute to this transaction.”

Luminor is the third-largest provider of financial services in the Baltics, with 940,000 clients, 2,500 employees, and market shares of 16.6 % in deposits and 18.7 % in lending as of the end of the year of 2019. Total shareholders’ equity amounts to EUR 1.6 billion, and Luminor is capitalised with a CET1 ratio of 19.7 %.