Lithuanian state issued bonds in amount of LTL 500mn (EUR 145mn) in CHF, which is the first time in Lithuanian history to raise money in this currency. Maturity of the bond is 5 years, with annual coupon of 2%. Ingrida Simonyte, Minister of Finance, indicated that results of the issue shows investors trust and opens new financial markets for Lithuania. Underwriters of the deal were Credit Suisse and BNP Paribas banks. The proceeds will be used to buy out EUR 1.0bn emission, which matures in March of 2013. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more