Siauliu Bankas Bonds

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In November 2022, the EBRD invested EUR 21 million in senior preferred bonds placed by Siauliu Bankas AB ("SB") as part of EUR 85 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 3-year remaining maturity with a call option in 2-year time. In June 2023, the EBRD invested EUR 10 million in subordinated Tier 2 notes issued by SB. This was SB's inaugural Tier 2 placement and first public subordinated issuance in the Lithuanian market. The bond has a 10-year maturity with a call option after 5-year time and is listed on the AB NASDAQ Vilnius Stock Exchange. In November 2023, the EBRD invested EUR 12 million in senior preferred bonds placed by SB as part of EUR 50 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 2-year maturity with a call option in 1-year time. The total EBRD investment amounts to EUR 43 million.