Dentons has advised Ignitis Group on the re-establishment of its Euro Medium Term Note Programme and a related capital markets transaction

London—Dentons has advised Ignitis Group on the re-establishment of its €2,000,000,000 Euro Medium Term Note Programme and its subsequent issuance of €300,000,000 4.500 per cent. Notes due 2031, alongside a concurrent tender offer for its outstanding €300,000,000 2.000 per cent. Notes due 2027.

Ignitis Group is a state-controlled leading integrated energy group in the Baltic region, operating the largest distribution network in the region and developing and operating green generation and green flexibility assets. The transaction forms part of Ignitis Group’s ongoing approach to managing its financing requirements and debt maturity profile.

The new Notes were issued as European Green Bonds (EuGBs), representing Ignitis Group’s inaugural issuance under the European Green Bond Standard and marking a significant milestone in the development of its sustainable financing strategy.

The Dentons team, which provided English law advice in connection with the transaction, was led by Nick Hayday, Head of Banking and Financial Services UK and Global Co-Chair of Banking and Finance, and counsel David Brian, with support from associates Miriam Babarinde and Nia Powell.

Nick Hayday commented: “We are delighted to have supported Ignitis Group on this important transaction. It has been a pleasure to work with the team and to support the continued development of Ignitis Group’s capital markets platform and sustainable financing strategy.”

David Brian added: “We have greatly enjoyed building our relationship with Ignitis Group. We have valued the opportunity to work closely with them throughout the process and help guide them through to the successful execution of the transaction.”