Core Viewpoint - Atsinaujinančios energetikos investicijos (AEI) has launched a public offering of new bonds with an 8.5% yield, targeting both private and institutional investors in the Baltic States [1][2] Company Overview - AEI is managed by Lords LB Asset Management and focuses on operational renewable energy projects in Lithuania and Poland [2] - The company has a total asset value of EUR 181 million and equity of EUR 96 million, with a portfolio of 280 MW of solar and wind parks [4][8] Bond Offering Details - The new bond issue offers 13-month bonds with a fixed annual interest rate of 8.5%, with a minimum investment of EUR 1,000 [1] - Existing investors can exchange their 5% coupon bonds maturing on December 15, 2024, for the new 8.5% coupon bonds on a one-to-one basis [3] Revenue Generation - AEI's main asset includes a 185.5 MW wind park in Lithuania, where AEI holds a 25% stake, generating an EBITDA of EUR 7.65 million over the past 12 months [5] - In Poland, AEI manages a 182 MW portfolio of solar parks, with over half operational and 85% of electricity sold under a fixed-tariff scheme [6] Strategic Plans - AEI is in the final stage of an asset divestment process, aiming to sell all developed and developing projects by the end of 2027 [2][7] - The company has successfully completed its first asset sale of a 65.5 MW solar portfolio in Poland [7] Market Context - There is a growing interest in bonds among private retail investors in the region, and AEI's bond issue aims to expand investment opportunities for this segment [9]