Lithuanian solar bond issuers seek six-month repayment extensions

Sun Investment Group and Eternia Solar have proposed extending their bond maturities by six months, citing delays in project implementation and expected cash inflows.

Sun Investment Group proposes moving its repayment deadline from 29 November 2026 to 29 May 2027, with annual interest of 13.5% during the extension. Eternia Solar seeks to postpone repayment from 23 December 2026 to 23 June 2027, offering 12% annual interest and proposing to remove the requirement to accumulate funds gradually for repayment.

According to the issuers, delays in project financing, equipment delivery, construction schedules and grid connection readiness have postponed expected project payments and dividend distributions.

Both issuers expect to receive the necessary repayment funds in May 2027.

Bondholder meetings have been requested for 30 October. The proposed changes remain subject to approval, and existing bond terms are still in force.

The disclosures point to cash-flow pressures linked to project execution timelines, rather than providing evidence of a broader crisis in Lithuania’s solar energy sector.