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Topic
Bond issue of telecommunication company Fastlink | Presentation to investors
Date & Time

Selected Sessions:

Dec 10, 2024 10:00 AM

Description
Lithuanian telecommunications company UAB, Consilium Optimum, known to consumers as the Fastlink brand, has launched a public three-year bond issue aiming to raise €3 million, offering investors an annual interest rate of 9%. Fastlink is the first company to receive additional investor security from Lithuanian state institution ILTE. The ILTE guarantee secures 50% of the nominal value of the bond issue, i.e., €1.5 million, which would be compensated to bondholders in the event of issuer insolvency. The distribution period: November 29 until December 18 at 3:30 PM. To Estonian and Latvian investors Fastlink (Consilium optimum) is already known from the previous bond issue earlier this year. In May 2024, the company successfully issued a €5 million bond, with demand exceeding supply by 1.3 times.