Walless has advised the Taupa credit union on its seven-year subordinated bond issuance.
"The bonds were placed by way of a private placement to a limited number of investors," Walless informed. "This is the first-ever debt securities issue in Lithuania by a credit union marking further development of the Lithuanian debt securities market. The subordinated bonds are included in Tier 2 capital and strengthen the capital base of Credit Union Taupa."
Established in 1997, Taupa’s activities were transferred to Vilnius in 2014. As of December 31, 2021, Taupa had a total of 2,904 members.
The Walless team consisted of Associate Partner Laurynas Narvydas and Senior Associate Enrika Tamasauskaite.
Walless did not respond to our inquiry on the matter.