Nasdaq Tallinn
Press release
Nasdaq Welcomes Maxima Grupė to Nasdaq Baltic Bond List
Tallinn, Estonia, 2018-09-14 09:30 CEST (GLOBE NEWSWIRE) --
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.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of
the world's securities transactions. Nasdaq is home to more than 4,000 total
listings with a market value of over $14 trillion. To learn more, visit:
business.nasdaq.com.
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.
MEDIA RELATIONS CONTACT
Daiva Taučkėlaitė
+370 620 55 127
daiva.tauckelaite@nasdaq.com
Nasdaq Baltic is a common name for exchanges, regulated markets, alternative
markets First North operated by Nasdaq companies in the Baltic states, i.e.
Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.