Alvarez & Marsal-supported ILTE green securitisation wins IFLR Impact Deal Award for Central and Eastern Europe
- A&M acted as arranger on ILTE’s first securitisation, helping Lithuania’s national development bank mobilise capital for energy-efficient home renovations
LONDON, 22nd June 2026 – Leading global professional services firm Alvarez & Marsal (“A&M”) has announced that ILTE Lietuva’s multi-apartment building modernisation loan portfolio green securitisation has won the Impact Deal Award for Central and Eastern Europe at the IFLR Europe Awards 2026.
A&M acted as arranger on the transaction, supporting ILTE, Lithuania’s national development bank, on its first securitisation and first true sale securitisation in the Baltics. The transaction was designed to meet international capital markets standards while financing the renovation and energy efficiency of homes across Lithuania.
The transaction unlocked €112 million of international and domestic funding to support multi-apartment building renovations across Lithuania, providing a platform for future issuances and helping to mobilise 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 transaction 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.
Robert Bradbury, Managing Director and Head of Structured Credit, Financial Institutions Advisory Services at Alvarez & Marsal, said: “This award is a fantastic recognition of a landmark transaction for ILTE and for the wider securitisation market in Central and Eastern Europe. The deal demonstrated how structured credit can be used to mobilise institutional capital into projects with clear economic and social impact.
“We are proud to have supported ILTE on its inaugural public securitisation, helping to create a scalable funding platform that can support future investment into multi-apartment building renovations across Lithuania.”
Marcos Chazan, Senior Director, Structured Credit Execution and Advisory at Alvarez & Marsal, said: “This was a complex, first-of-its-kind transaction requiring detailed portfolio analysis, careful execution and close coordination across stakeholders. Achieving AAA ratings from both Fitch and Scope underlines the quality of the structure and the strength of the underlying portfolio.
“The award is testament to ILTE’s ambition and to the strength of the collaboration between all parties involved.”
At the time of the announcement, 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.
The transaction was recognised at the IFLR Europe Awards 2026, where it won the Impact Deal Award for Central and Eastern Europe. ILTE publicly thanked A&M, including Robert Bradbury and Marcos Chazan, for helping the bank navigate its first securitisation transaction.
ENDS
A&M has published a case study on the ILTE securitisation, available here:
About Alvarez & Marsal
Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Renowned for its leadership, action and results, Alvarez & Marsal provides advisory, business performance improvement and turnaround management services, delivering practical solutions to address clients' unique challenges. With a world-wide network of experienced operators, world-class consultants, former regulators and industry authorities, Alvarez & Marsal helps corporates, boards, private equity firms, law firms and government agencies drive transformation, mitigate risk and unlock value at every stage of growth.
To learn more, visit: AlvarezandMarsal.com.
Contact: Will Thomas, Headland Consultancy, +44 (0)77 7669 2746
