Evli Bank Plc acted as Lead Manager in Nortal AS’ bond issue amounting to EUR 15.0 million. The issue was directed to institutional and other selected investors.
Nortal AS is an Estonian based international high-end business consultancy and ICT solutions provider for governments and leading enterprises around the world. The company operates in nearly 20 countries and employs over 500 specialists who carry out high-quality, mission-critical and high-impact projects across Europe, Middle East, Africa and the United States.
The proceeds from the issue will primarily be used in order to refinance the loans related to the company’s management buyout in 2016. In addition, proceeds will be used for repayment of current financial liabilities, as well as general corporate purposes. For more information on the company, visit www.nortal.com.
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