Vilnius/Riga/Tallinn, Nasdaq Baltic Market, September 14, 2018 – Nasdaq (NDAQ) announces that bonds issued by Maxima Grupė UAB (short name: MXGR032523A) have been listed on Baltic Bond List by Nasdaq Vilnius on September 14, 2018.
The size of the bond issue by Maxima Grupė, a company that operates retail chains in the Baltic States, Poland and Bulgaria, is EUR 300 million. More than 60 investors from 14 countries purchased the bonds – a third from the Nordic-Baltic region and the rest from other parts of Western Europe. Demand for the securities exceeded supply. The Maxima Grupė bonds have a 3.25% coupon rate with interest paid once a year. They mature on September 13, 2023. The bonds are dual-listed on Euronext Dublin and Nasdaq Vilnius.
“We are delighted to welcome Maxima Grupė to the Nasdaq Baltic Market. Lithuanian private company Maxima Grupė is entering the public securities market by successfully placing one of the biggest issues of bonds in the Baltic region,” says Saulius Malinauskas, the President of Nasdaq Vilnius. “Today the company is beginning to write its capital market story. We stand ready to help them take advantage of the opportunities that the capital market offers”.
“The trust placed in Maxima Grupė by local and international investors is an important recognition. By successfully completing the bond offering, Maxima Grupė showed that Lithuanian business has now reached the level of maturity where it can make use of the same financing tools as Europe’s major retailers,” says Dalius Misiūnas, the Chairman of the Board and CEO of Maxima Grupė.
About Maxima Grupė
Maxima Grupė is the owner of the Maxima retail chain in the Baltic States, the Stokrotka and Aldik chains in Poland, the T-Market chain in Bulgaria and e-grocer Barbora which operates in Lithuania and Latvia. In 2017, Maxima Grupė had turnover of EUR 2.806 billion, or 4.2% more than in 2016. In the spring of 2018, Maxima Grupė completed an acquisition of Emperia S.A., which operates Polish retail chain Stokrotka. According to the company, having completed the deal Maxima Grupė has become the largest Lithuanian capital investor in Poland. Maxima Grupė is part of the Vilniaus Prekyba group, one of the largest retail companies in the Baltics and Central and Eastern Europe.
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. To learn more about the Nasdaq Baltic market, visit: nasdaqbaltic.com.
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