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TGS Baltic advised UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market

The firm’s banking and finance team advised UPP & CO KAUNO 53 OÜ, a company owned by Estonian asset management company United Partners Property, during the process of admittance to trading on Nasdaq Baltic First North market.

The size of the subordinated, commercial property backed bond issue is EUR 4.7 million. The nominal value of one bond is EUR 1,000. The annual coupon rate is 8% which is paid out quarterly. The maturity date of the bond issue is April 17, 2022.

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