Maxima Grupė has successfully issued a EUR 350 million bond offering

Maxima Grupė UAB, largest retail group in the Baltics, has successfully issued a EUR 350 million 5-year senior unsecured bond offering. Demand for the bond issue exceeded supply by more than three times. Such strong investor interest reflects confidence in the company and a positive outlook on the region.

During the issuance, the final order book exceeded EUR 1 billion, with more than 100 investors participating in the offering. The final investor list consists of 81 investors.

Goldman Sachs Bank Europe SE, ING and SEB were selected by Maxima Grupė as partners for its bond programme and bond issuance.

Ellex in Lithuania acted as Lithuanian legal adviser to Joint Bookrunners for Maxima Grupė. Partner Ieva Dosinaitė, Associate Partner Eglė Neverbickienė and Senior Associate Kristina Saukalienė advised on the transaction on behalf of Ellex.

The bonds, carrying an annual interest rate of 4.75%, are listed on the regulated markets of Euronext Dublin and Nasdaq Vilnius.

The funds raised will be used to refinance a short-term loan and to further finance the operations of Maxima grupė companies.