Company briefs - 2008-09-25

  • 2008-09-25
Finnish small loans company, Luottotalo Fenno OY, has issued bonds worth 0.6 million euros in Estonia.  The bonds bearing an annual interest of 14 percent have a face value of 1,000 euros and were placed for 960 euros apiece. The bonds will mature in July 2010. The issue was managed by the investment bank Lohmus, Haavel & Viisemann.  Luottotalo Fenno has issued bonds in Estonia several times before.

GILD Bankers have bought the remaining 50 percent of Gild Real Estate (AS GILD Professional Services). The company owned 50 percent of GILD Real Estate, but has now purchased the additional 50 percent share of the company from Uus Maa, becoming the sole shareholder of GILD Real Estate (AS GILD Property Asset Management). The change allows both companies to focus on activities where their main strengths lie.