Group 1 - The company UAB "Kvartalas" aimed to raise 5 million euros during the offering of the fourth tranche of bonds to finance the development of the "Sąvaržėlė" business centre in Vilnius, with the offering beginning on 30 September 2025 and completed on 1 October 2025 due to high demand, reaching 10.5 million euros in demand, which is an oversubscription of more than 2 times [1] - The total nominal value of bonds issued in the fourth tranche was increased from 5 million euros to 10,477,000 euros, with a total of 40,608,700 euros in bonds issued across all four tranches [2] - The bonds were publicly offered to retail and institutional investors in Lithuania, Latvia, and Estonia, with 146 investors from the Baltic States participating in the offering [3] Group 2 - The nominal value of one bond is 100 euros, with a fixed annual interest of 8% paid every six months, and the bonds will be redeemed on 19 December 2026, offered at a price corresponding to a 6.75% annual yield during the fourth tranche [4]

Group 1 - Aktsiaselts Infortar's subsidiary AS Elenger Grupp has secured a EUR 170 million syndicated term loan facility to refinance existing long-term debt and invest in gas distribution networks [1] - The financing will enhance investment capacity, improve service quality, and strengthen supply security for over 400,000 customers, linking gas infrastructure to climate goals [2] - The transaction does not impact Infortar's debt servicing capacity and has no material effect on the company's economic activities [6] Group 2 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp [7] - The company has a diverse portfolio, including approximately 141,000 m² of real estate and employs 6,866 people across 110 companies [7]

Akropolis Group, the leading Baltic shopping and entertainment centres development and management company, has today signed a credit agreement with Swedbank for EUR 110 million credit. The credit facility along with own funds of the Company, will be used to acquire 100% of shares in Galio Group. The credit will account for slightly less than half of the transaction price. The share purchase price has been set based on the market value. The parties have agreed not to make it public. The share purchase agre ...

Swedbank said the Securities and Exchange Commission has closed an investigation into the Swedish lender without enforcement action https://t.co/46buKRA4Ig ...

Group 1 - EPSO-G has signed a €73 million long-term loan agreement with Swedbank to finance the development of an artillery ammunition factory near Baisogala, Lithuania [1] - EPSO-G Invest, a subsidiary of the EPSO-G group, will utilize the loan for the factory investment [1] - The EPSO-G Group includes six subsidiaries and is managed by the Ministry of Energy of the Republic of Lithuania [2]

Swedbank reports second-quarter earnings that beat analysts estimates as lower costs offset slowing income from lending and fees and commissions https://t.co/W1Fh9QCnAG ...

Swedbank agrees to buy digital mortgage credit firm Stabelo for an initial price of $37 million to help bolster its home-loan business https://t.co/mHz3wOm6mx ...

Core Insights - Mihkel Torim has been elected as the new Chairman of the Management Board and CEO of LHV Group, effective from July 22, 2025, succeeding Madis Toomsalu [1][5] - Torim brings over 20 years of experience in capital markets and investment banking, having previously held senior roles at Swedbank and leading LHV's investment banking operations since early 2023 [2][5] - As part of his new role, Torim will also join the Supervisory Board of AS LHV Pank and is expected to be involved with other key subsidiaries of LHV Group [3] Company Overview - LHV Group is the largest domestic financial group and capital provider in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [7] - The Group employs over 1,150 people and serves a significant client base, with 468,000 clients using its banking services, 113,000 active clients in pension funds, and 176,000 clients protected by LHV Kindlustus [7] - LHV Bank Limited holds a banking license in the UK and provides services to international fintech companies and loans to SMEs [7] Leadership Transition - Rain Lõhmus, Chairman of the Supervisory Board, expressed confidence in Torim's capabilities, highlighting his dedication and understanding of value creation in investment banking [5] - Torim aims to focus on growing the company's value, emphasizing innovation, operational excellence, and a client-first culture [6]

Investment Rating - The report maintains an "Overweight" (OW) rating for several key financial companies including AIA, CCB, CMB, Ping An Insurance, Futu, and CITIC Securities [5][6][9]. Core Insights - The report suggests that China may be on the verge of a 1998-1999 Japan-style beta rally, with potential gains of up to 80% as indicated by strategist Wendy Liu [2][3][6]. - The Jinke case, involving a holistic reorganization of a distressed developer, is seen as a significant step towards addressing China's property oversupply and improving recovery rates [2][3][6]. - The report highlights the importance of focusing on "financial survivors" in the current market environment, which includes companies with strong local economic presence [2][3][6]. Detailed Highlights - The Jinke Real Estate debt reorganization, which occurred on May 10-11, is expected to yield a recovery rate more than seven times higher than liquidation [2][3]. - The report emphasizes that if China implements substantial financial sector reforms, it could mirror the conditions that led to the TPX's 80% beta rally in 1998 [6]. - The report notes that long-term money is becoming less optimistic about Chinese banks, with concerns about the sustainability of the current rally and rising questions regarding asset quality risks [6]. Sector Key Newsflow - In Japan, global mutual funds have begun to increase their positions in banks, indicating a potential bear-squeeze rally in the auto sector that could benefit banks [9]. - The report mentions that the MSCI ACWI is near an all-time high, supported by CTAs building long positions across various sectors, particularly in machinery and banks [9]. - The ECB is expected to cut rates by 25 basis points, with no clear signal for future cuts, indicating a cautious approach to monetary policy [13].

Group 1 - UAB "Kvartalas" aimed to raise 5 million euros during the offering of the third tranche of bonds to finance the development of the "Sąvaržėlė" business centre in Vilnius, with the offering period shortened due to high demand, reaching 11.5 million euros in demand within three days [1][2] - The total nominal value of bonds issued in the third tranche was increased from 5 million euros to 10,131,700 euros, with a total of 30,131,700 euros in bonds issued across all tranches [2] - The bonds were publicly offered to retail and institutional investors in the Baltic States, with 181 investors participating, including 153 from Lithuania, 16 from Estonia, and 12 from Latvia [3] Group 2 - The nominal value of one bond is 100 euros, with a fixed annual interest of 8% paid every six months, and redemption scheduled for 19 December 2026, offered at a price corresponding to a 6.75% yield [4]