The Central Bank of Ireland has approved the Maxima Grupė’s base prospectus that was also announced on the Dublin Stock Exchange. Under the document, Maxima Grupė has the ability to issue up to EUR 1 billion bonds. If the decision is made by the company to start bonds issuance, the first emission would amount to EUR 300-400 million.

“After Standard & Poor’s has assigned a solid credit rating to Maxima Grupė, we continue to explore bond issuance options. 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," said Dalius Misiūnas, the Chairman of the Board and CEO of Maxima Grupė.

The base prospectus is a required document in the bonds issuance process. It is a binding document for investors that contains detailed information about the company, its performance and risks. The document also describes financial and non-financial commitments of the company for investors after the issuance of bonds.

Standard & Poor’s has assigned Maxima Grupė a BB+ credit rating with a stable perspective. Maxima Grupė has become the first private company in the Baltics and one of the few retailers in the Eastern and Central European region, which received and publicly announced an international credit rating. According to the company, this rating is the highest among European retail companies of similar size (with annual revenue amounting to EUR 4 billion).

In order to reach the widest range of potential investors, Dublin stock exchange was chosen for base prospectus registration. Maxima Grupė has selected three banks as arrangers and dealers for the programme: BNP Paribas, Deutsche Bank and SEB Bankas.

The prospectus is published on Dublin Stock Exchange and Maxima Grupė websites. The document was also notified to the Bank of Lithuania.