Banking & Finance

Our team represents major international and domestic banks, investment firms, insurance companies and other financial institutions. We enjoy a heavy volume of banking-related work, including commercial lending, syndicated loans, refinancing and portfolio restructuring. Our team provides advice in relation to debt, equity, and derivatives offerings and regulatory issues, as well as restructuring options involving banks and other financial institutions. We work with our clients at every stage—arranging money for start-ups; negotiating mergers, joint ventures, and acquisitions; and arranging alliances. We advise on a range of complex financial transactions, particularly those in a cross-border context.  Our main areas of expertise: Capital Markets; Finance Regulation & Compliance; Investment & Pension Funds; Insurance; EU Funding & Investment Incentives.
Key projects in the field

Key contact

Gediminas Rečiūnas

Partner

Head of the Finance and Tax practice group
+370 52681819
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What's new in the field
We Represented the European Bank for Reconstruction and Development (EBRD) in Their Lending Transaction
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Key projects in the field

Ellex Valiunas Assists in Establishing a New Bank in Lithuania
Following the request of Mano unija, the largest credit union in Lithuania, and its preparatory actions for banking activity in Lithuania, the Bank of Lithuania issued authorisation for starting transformation of the credit union into a public company holding a bank licence. This is the end of the first stage of the preparation for banking activity. The next stage is application to the Bank of Lithuania for a bank licence. Presently Mano unija is the only credit union in Lithuania holding the authorisation of the Bank of Lithuania to carry out transformation into a bank.
Ellex Valiunas advised the managers in the largest EUR 1.5 billion and first ever dual tranche Eurobond issue
Lithuania has successfully issued two (10– and 20–year) Eurobonds of EUR 750 million each in October 2015, that is a new milestone in the country’s borrowing history.
 
„Lithuania has borrowed a large amount for a long duration by issuing a dual tranche Eurobond for the first time. The decision reflected investors’ demand and our borrowing strategy. The long duration will allow us to achieve a smooth debt profile and lock into low interest rates for a longer period. Low interest rates will help to refinance old debts and to redirect savings on interest to public needs“, – Lithuanian Finance Minister Rimantas Šadžius said.
 
Ten-year EUR 750 million Eurobond has the lowest coupon in the country’s history – 1.25 per cent. It is also the largest among Lithuania’s Eurobonds of such duration in the euro market. Twenty-year EUR 750 million Eurobond with the 2.125 coupon is the first Lithuania’s Eurobond issue.
The transaction was lead-managed by Barclays, BNP Paribas and HSBC. 
Ellex Valiunas advised Danske Bank on one of the biggest Lithuanian banking deals
Ellex Valiunas advised Danske Bank regarding sale of its retail banking business in Lithuania and Latvia to Swedbank.