Individual Guarantees for Bonds
ILTE provides guarantees that facilitate or enable the issuer of bonds (a private limited company or a public limited company) to publicly or privately distribute (sell) a new bond issue aimed at financing investments and/or supplementing working capital.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
Micro, small, and medium-sized enterprises operating for more than 3 years, with the legal form of a public limited company (AB) or a private limited company (UAB).
Guarantee amount
The maximum amount of the guarantee is EUR 5,000,000.
The intensity of the guarantee is 50% of the nominal value of the bond for each specific bond issue.
Guarantee fee
Where to apply?
All electronically signed documents with the completed application for the provision of guarantee or completed request for a guarantee payment must be sent to ILTE via email at info@ilte.lt.
The bond issuer should pay a one-time guarantee fee, which must be paid before the issuance of the guarantee.
The guarantee fee is based on the guarantee amount and the guarantee maturity, i.e. a fixed base rate is applied for the first year (1-12 months) and an annual premium will be charged for each subsequent year.
The fixed base is 1%, and the annual premium will be 0.9% for each subsequent year.
List of documents to be submitted is presented in the original Lithuanian version.