The largest retail group in the Baltic States, Maxima grupė, has successfully issued a EUR 350 million bond offering. The five-year bonds, carrying an annual interest rate of 4.75%, were acquired by 81 investors from the United Kingdom, Europe, the Baltics and the Nordic countries. Demand for the bond issue exceeded supply by more than three times.
The bonds will be listed on the regulated markets of Euronext Dublin and Nasdaq Vilnius.
We congratulate our client Maxima grupė on its successful return to the bond market. Such strong investor participation reflects not only confidence in the company, but also a positive outlook on the region.
The funds raised will be used to refinance a short-term loan and to further finance the operations of Maxima grupė companies. vilniaus prekyba manages retail chains in the Baltic States through Maxima grupė and pharmacy chains across the region through its subsidiary europotheca.
COBALT team, led by COBALT Partner Eva Suduiko, advised Maxima grupė on the bond offering.
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