Financials & Investments

Ellex Raidla advises clients on the most significant finance transactions in the region. We represent leading financial institutions, financial service and investment companies, a diverse group of national and regional investment banks, credit card and insurance companies and other financial institutions. We have vast experience as corporate, regulatory, intellectual property, and litigation counsel. Our experts also assist companies who seek to operate on a cross-border basis and to comply with EU passporting and general good provisions or with applicable restrictions or requirements.
Key projects in the field

Key contacts

Gerli Kilusk

Partner

+372 640 7170
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Raino Paron

Partner

Head of Banking & Finance and EU & Competition practice groups
+372 640 7170
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Key projects in the field

Coop Pank has selected Ellex Raidla as legal adviser for the initial public offering (IPO) of its shares
In early June the supervisory board of Coop Pank instructed the bank’s management board to begin preparations for the public listing of shares on Tallinn Stock Exchange. The earliest that the IPO could take place is in autumn 2019.
 
For the initial public offering (IPO) of its shares, Coop Pank has selected Ellex Raidla, a law office with many years’ experience of advising on banking, finance and securities market law and IPOs, as its legal adviser, while communications adviser will be Agenda PR and financial adviser LHV.
 
Ellex Raidla team is led by Partner Raino Paron as well as Senior Associates Alla Kuznetsova and Kadi Sink.
 
Read more HERE.
We advised the Estonian Ministry of Finance on drafting documents for Estonia’s short-term T-bill programme
Ellex Raidla’s Partner Raino Paron advised the Ministry of Finance of the Republic of Estonia in connection with drafting the documents for Estonia’s short-term treasury bill programme.
 
On Monday, for the first time ever, the State Treasury of Estonia sold €200 million worth of treasury bills with a negative yield at auction. Participators in the auction included LHV, Luminor, SEB and Swedbank.
 
The Ministry of Finance confirmed the framework for the issuance of treasury bills for cash management purposes in April this year, which, if necessary, will allow the Treasury to use bonds with a maturity of up to one year. Compared to standby loans issued by banks, treasury bills provide a more affordable supplementary instrument for cash management.
 
Read more HERE.
Advising LHV Group AS in relation to the public offering of additional subordinated bonds
Our Partner Gerli Kilusk and Associate Kadi Sink are advising LHV Group in relation to the public offering of additional subordinated bonds.
 
LHV offers publicly up to 15,000 additional subordinated bonds of LHV under the name of ”LHV Group subordinated bond 28.11.2028” with the nominal value of EUR 1,000, interest rate offered to the investor 6.0% per annum and maturity date 28.11.2028. LHV has the right to increase the offering volume until issue date by EUR 5 million and issue up to 5,000 additional subordinated bonds as a result of which the total number of the bonds offered in the course of the public offering may be up to 20,000 and the total volume of the offering may rise to EUR 20 million. The public offering is carried out only in Estonia.
 
The offering is the first part of LHV’s previously approved bond program. Under the program, LHV intends to issue subordinated bonds in a total volume of up to EUR 45 million in the course of several issues.
 
Read more HERE.