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International Internet Magazine. Baltic States news & analytics Sunday, 18.08.2019, 02:04

Lithuania's Maxima Grupe gets permission to issue intl bonds

BC, Vilniaus, 26.07.2018.Print version
The Central Bank of Ireland has approved the Lithuanian Maxima Grupe's (Maxima Group) base prospectus, announced on the Dublin Stock Exchange and letting the company to issue bonds worth up to 1 bln euros.

If the decision is made by the company to start issuing bonds, the first emission would amount to 300-400 mln euros.

According to Dalius Misiunas, Maxima Grupe's board chairman and CEO, the company continues preparations for bond issuance.

"The announcement of prospectus provides us with a possibility to borrow on international capital markets. We are evaluating all possible financing possibilities. Under favorable circumstances, we may proceed to issue bonds at short notice," he said.

Standard & Poor’s assigned Maxima Grupe a BB+ credit rating with a stable perspective earlier this month.

Maxima Grupe is part of the Vilniaus Prekyba business group, controlled by Nerijus Numavicius.


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