AI assistant
INVL Technology — Capital/Financing Update 2017
Jan 17, 2017
2265_rns_2017-01-17_0e15ac17-af9b-4db8-889f-31b447438f60.html
Capital/Financing Update
Open in viewerOpens in your device viewer
INVL Technology acquired bonds issued by BAIP UAB
INVL Technology acquired bonds issued by BAIP UAB
Vilnius, Lithuania, 2017-01-17 15:21 CET (GLOBE NEWSWIRE) -- Special
closed-ended type investment company INVL Technology and BAIP UAB (legal entity
code 301318539, registered address A. Juozapavičiaus str. 6, Vilnius,
Lithuania) has signed the private placement bonds agreement.
On 17 January 2017 INVL Technology acquired EUR 1.55 million of bonds issued by
its portfolio company BAIP UAB. Annual interest rate of bonds – 7.625 percent.
Bonds currency – Euro. Bonds mature on 30 June 2017.
BAIP UAB will keep money raised in the bond issue in a separate account and do
not plan to use the funds for the company’s operational activities. BAIP UAB
will use money raised in the bond issue to ensure the participation in a
foreign tender.
The person authorized to provide additional information:
Kazimieras Tonkūnas
INVL Technology Managing Partner
e-mail [email protected]