INVL’s EUR 4.5m Renewable Bond

• INVL Renewable Energy Fund I has raised EUR 4.5 million in its maiden public bond sale in Lithuania, attracting 250+ investors with an interest rate of 10% and a two year maturity. The proceeds will go towards solar projects in Poland and Romania, estimated to cost up to EUR 350 million.

INVL Renewable Energy Fund I, managed by Lithuania's INVL Asset Management, has raised EUR 4.5 million (USD 4.8 million) from its maiden public bond sale in Lithuania. The offering was oversubscribed by 1.5 times, attracting bids from more than 250 institutional and retail investors. The fixed-rate bonds, with a yield of 10% and maturity in two years, were marketed among Lithuanian investors. The deal was managed by local commercial lender Siauliu Bankas. The proceeds from the bond sale will be used for the construction of INVL's European solar projects in Poland and Romania, estimated to cost up to EUR 350 million. This latest funding, added to the earlier private bond offering of EUR 3.5 million, has taken the renewable energy fund's size to EUR 65.9 million.

Have INVL Asset Management Raised EUR 4.5M in Bond Offering?

• Yes, INVL Asset Management has raised EUR 4.5 million in its maiden public bond offering in Lithuania.
• The offering was met with great demand from more than 250 institutional and retail investors, and was oversubscribed by 1.5 times.
• The fixed-rate bonds had a yield of 10% and a maturity of two years.
• The proceeds from the bond sale will be used to finance the construction of INVL's European solar projects in Poland and Romania, which are estimated to cost up to EUR 350 million.
• This latest funding, combined with the earlier private bond offering of EUR 3.5 million, brings the renewable energy fund's total size to EUR 65.9 million.