UAB SANGUŠKŲ PARKAS SECURED BOND ISSUE

UAB Sanguškų Parkas, a registered entity in Lithuania and a subsidiary of KŪB Subačiaus Projektas, seeks to secure up to EUR 8M via a bond issue to finance the development of the Sanguškų Parkas project, a 7,000 sqm residential building in Vilnius Old Town. The bonds have a nominal value of EUR 1000 each and an annual interest rate of 6.1% + 6M EURIBOR paid semi-annually. The date of maturity is 14 September 2026. Šiaulių bankas, AB is the lead manager and arranger of the issue, Ellex Valiunas serves as legal advisor, and Audifina, UAB acts as the trustee and collateral agent.


The bonds are issued in tranches, with the initial tranche occurring from 27 February 2024 to 8 March 2024. The first tranche's targeted issuance is EUR 5M, extendable to EUR 7M. The first tranche will be issued through the Nasdaq Vilnius trading system. The bonds will be settled on 14 March 2024.

News
insights & UPDATES

UAB Sanguškų Parkas releases its quarterly report for bondholders. This report outlines key developments in the Sanguškų Parkas real estate development project during Q3 of 2024 to inform bondholders of all significant milestones.

2024-11-11

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The issuer has successfully completed the first interest payment. EUR 300K were distributed among the bondholders. The interest rate for the next period until 14 March 2025 is set at 9.376%.

2024-09-16

UAB Sanguškų Parkas releases its quarterly report for bondholders. This report outlines key developments in the Sanguškų Parkas real estate development project during Q2 of 2024 to inform bondholders of all significant milestones.

2024-08-26

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PricewaterhouseCoopers UAB has completed the audit for KŪB Subačiaus Projektas, the sole shareholder of the UAB Sanguškų Parkas, the issuer. The audited financial statements for the year 2023 can be found here.

2024-04-30

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During the initial offering, investors subscribed bonds totaling EUR 8.638M, resulting in an oversubscription of 1.7 times. Responding to the robust demand, the issuer expanded the size of the 1st tranche from EUR 5M to EUR 6M. The interest rate for the initial interest period until September 14, 2024, is set at 10.01% p.a.

2024-03-15

The bonds are issued in tranches, with the initial tranche occurring from 27 February 2024 to 8 March 2024. The first tranche's targeted issuance is EUR 5M, extendable to EUR 7M. The first tranche will be issued through the Nasdaq Baltic trading system. The bonds will be settled on 14 March 2024.

2024-01-23

The company does not guarantee the profitability of investments. The foundation documents of the company or fund presented to the investor must be carefully examined. Before making a decision to invest, investors must analyze and evaluate all investment risks, the presented investment strategy, and all applicable fees by themselves or with the help of appropriate advisors. All the information presented here cannot be understood as a recommendation, offer, or invitation to invest. The company is not responsible for inaccuracies and changes in the information provided here, nor for any losses that may occur when investments are based on the information found here. To obtain more information about the investment companies and funds managed by the Company, please contact via telephone at +37052661266 or by email at info@zabolis.com.

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