IFLR Awards ILTE Green Securitisation with Impact Deal Recognition
Alvarez & Marsal acted as arranger for ILTE's first securitisation, which received the IFLR Impact Deal Award for Central and Eastern Europe.
Management consulting firm Alvarez & Marsal (A&M) has announced that ILTE Lietuva’s multi-apartment building modernization loan portfolio green securitisation has won the Impact Deal Award for Central and Eastern Europe at the IFLR Europe Awards 2026. A&M served as the arranger for the transaction, supporting ILTE, Lithuania’s national development bank, on its inaugural securitisation and the first true sale securitisation in the Baltics. The deal aimed to meet international capital markets standards while financing home renovations and energy efficiency across Lithuania.
The transaction unlocked €112 million in international and domestic funding to support multi-apartment building renovations in Lithuania, establishing a platform for future issuances and helping to mobilize capital into projects aligned with green bond standards. A&M’s Structured Credit Execution and Advisory team, led by Robert Bradbury and Marcos Chazan, conducted a detailed portfolio and performance assessment and led the inaugural transaction through all phases to successful completion. The outcome achieved the highest AAA ratings from Fitch and Scope, making it the first listed green bond in the Baltic States to receive such a rating. At the time, Lithuania's Minister of Finance, Kristupas Vaitiekūnas, described the deal as a major step in the development of Lithuania’s capital markets and an effective way to secure funding sources.