TGS Baltic, working with Linklaters, has advised sole bookrunner Citigroup Global Markets Europe on the tap issue of EUR 40 million 14.50% senior secured bonds by the Latvian national airline AirBaltic. Cobalt, working with Dentons, advised AirBaltic.
According to TGS Baltic, "following the tap issue, the total issue size of the bonds is EUR 380 million. This transaction was well received by the international and local investment communities and the demand for the tap issue bonds exceeded the offering, with the final orderbook of almost EUR 125 million."
The TGS Baltic team included Partners Inese Hazenfusa, Andra Rubene, and Dalia Augaite and Associates Evija Abele and Martins Galzons.
The Cobalt team included Partner Edgars Lodzins, Specialist Counsel Andrejs Lielkalns, Senior Associates Inga Tenisa and Ivo Cimdins, and Associate Maira Puzule.
