Lithuania's 15min grupė raises €10.5M in second bond issue

What's the deal? 15minDealroom has a profile for this one. Try Dealroom → grupė, one of Lithuania's largest media groups, raised €10.5 million through its second bond issue. The bonds carry a 9.5% annual interest rate and drew more than 600 investors.

Why now? The debt sale follows the company's first bond issue, marking a second step into the capital market. Demand exceeded €14 million, outstripping the amount placed.

What's the endgame? 15min grupė operates in digital media, news content, radio, and advertising. Its portfolio includes the 15min news portal, the BNSDealroom has a profile for this one. Try Dealroom → news agency, and several radio stations.

The company remains the only Lithuanian media group in the Baltic states to issue its own bonds. It was advised in the transaction by law firm COBALT.

The signal: The €10.5 million round sits in the bottom tenth of deals by size, a modest raise. But in a sector where few media companies tap public debt markets, 15min grupė's repeat issue shows appetite for an unusual funding route.

Read more: cobalt.legal

Image credit: Generated with Gemini