We would like to share an important update regarding the UAB "AWG INVESTMENT 1" known as the Auga Nov 2025 bond, following the latest official announcement and the bondholders’ meeting that took place on 15 January 2026.
As previously communicated, the pledged collateral is planned to be sold, and the proceeds are expected to fully repay investors, including holders of bond-backed securities on Mintos.
The new restructuring proposal put forward by the Issuer aims to avoid immediate enforcement while ensuring full repayment to bondholders.
To enable an orderly repayment process, the bond issuer has proposed extending the bond maturity from 8 November 2025 to 1 September 2026. During this time, interest will continue to accrue based on the updated terms.
If the shares of Baltic Champs pledged as security for the obligations of UAB “AWG INVESTMENT 1” are sold, the proceeds shall be used to redeem the bonds in full. Any proceeds from such sale shall be paid into a trustee-controlled escrow account and applied exclusively toward repayment of the bondholders.
Key takeaways
- UAB “AWG INVESTMENT 1” bonds’ maturity extended to 1 September 2026
- Interest will continue to accrue during the extension period
- Repayment expected in full via asset sale or at maturity
- Interest payments planned for 8 May and 1 September 2026 (unless redeemed earlier)
- No default interest or penalties shall apply, provided the bond Issuer complies with the amended maturity and payment terms
We’ll keep you updated on any further developments.