AB Artea bankas has placed EUR 300 million bond issue in the international market

Core Insights - AB Artea bankas has successfully issued EUR 300 million in 4-year senior preferred fixed rate reset notes, indicating strong market confidence and demand from institutional investors [1][3][4] Group 1: Issuance Details - The annual fixed rate coupon on the notes will be 3.739% until the reset date, with settlement scheduled for 7 October 2025 [2] - The issue was oversubscribed 6 times during the book building process, reflecting exceptional demand from over 110 institutional investors across various countries [3] Group 2: Market Position and Future Plans - With this issuance, AB Artea bankas has become the largest corporate bonds issuer in Lithuania, showcasing the bank's growth potential and the stable economic outlook of the region [4] - Proceeds from the issuance will be used to meet minimum own funds and eligible liabilities (MREL) targets, strengthen liquidity, and support business growth [5] Group 3: Ratings and Management - The notes have been rated Baa1 with a stable outlook by Moody's, indicating a solid credit profile [5] - AB Artea bankas has appointed several joint lead managers for the note issue, including Commerzbank, Erste Group Bank, and Goldman Sachs [6]