COBALT advised AB SEB bankas in relation to issuance of EUR 20 million green bonds by AS Attīstības finanšu institūcija Altum (ALTUM). ALTUM is the first national development institution in Central Eastern Europe which has issued green bonds.
AB SEB bankas acted as the arranging bank for the green bond transaction.
The proceeds from the bonds will be used to finance viable business projects supporting energy efficiency and use of renewable energy.
Legal assistance to AB SEB bankas in the transaction was provided by COBALT’s banking and finance team led by Specialist Counsel Edgars Lodziņš.
Find the Altum announcement of the transaction here.