Bulgaria-Active Retailer Maxima Grupe Places Five-Year 300 Mln Euro Bond

Bulgaria-Active Retailer Maxima Grupe Places Five-Year 300 Mln Euro Bond

Lithuanian retailer Maxima Grupe, which is active in Bulgaria through its T-Market brand, has placed a five-year 300 million euro ($347 million) bond, its Bulgarian unit said on Monday. Maxima Grupe has been actively expanding in Bulgaria throughout the past two years, opening 20 new T-Market stores and boosting its turnover by almost 50%, Maxima Bulgaria said in a statement. The 300 million euro bond issue carries a fixed annual coupon of 3.25%.After the settlement date - September 13, Maxima Grupe intends to list the issue on the Euronext Dublin and Nasdaq Vilnius securities exchanges. The bonds were purchased by more than 60 investors from 14 countries, as demand exceeded the amount of offered securities. Maxima Grupė is the owner of the Maxima retail chain in the Baltic States, the Stokrotka and Aldik chains in Poland, the T-Market chain in Bulgaria and e-grocer Barbora, which operates in Lithuania and Latvia.($ = 0.8645 euro)

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