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Published on 12/13/2022 in the Prospect News Emerging Markets Daily.

Lithuania's Orkela publicly offers fifth tranche of bonds

Chicago, Dec. 13 – UAB Orkela is offering a fifth tranche of bonds in December for up to €2.5 million, according to a prospectus supplement.

The bonds will be issued on Dec. 30.

The price for the 6% bonds will be 99.861 for a yield of 7 ½%.

The subscription period ends on Dec. 27.

Previous tranches have been for €5 million at par issued on Jan. 19, 2022, €5 million at 102.5691 issued on June 23, 2022, €215,000 at 101.7446 issued on Nov. 3, 2022, €1.9 million at 99.3628 issued on Dec. 5, 2022.

A sixth tranche will be issued on Jan. 31, 2023 and a seventh tranche is planned for March 28, 2023.

The bonds come through funds manager Lords LB Asset Management, based in Vilnius, Lithuania.


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