Vilnius/Riga/Tallinn, Nasdaq Baltic Market, May 19, 2026 – Nasdaq (NDAQ) announces that bonds issued by MAXIMA GRUPĖ, UAB have been admitted to trading on the Nasdaq Baltic regulated market by Nasdaq Vilnius.
MAXIMA GRUPĖ, the largest retail group in the Baltics, successfully issued EUR 350 million of bonds with a maturity of five years under its Euro Medium Term Note (EMTN) Programme. The bonds carry a fixed annual coupon of 4.75% and will be listed on both the Nasdaq Baltic and Euronext Dublin regulated markets.
The bond issue attracted strong investor demand, with the offering oversubscribed more than three times. The final order book exceeded EUR 1 billion, with more than 100 investors from the United Kingdom, continental Europe, the Baltics, and the Nordic countries participating in the offering. The final allocation includes 81 investors.
“The MAXIMA GRUPĖ bond issue stands out both in terms of its size and the diversity of its investor base, and represents an important step in strengthening the international profile of the Baltic capital markets. We are pleased that MAXIMA GRUPĖ has chosen to list its bonds on the Nasdaq Baltic regulated market,” said Gediminas Varnas, President of Nasdaq Vilnius.
“Strong investor interest confirms confidence in Maxima Grupė’s business, strategic direction, and leadership in the Baltic region. In volatile markets, we also view this level of international investor participation as a sign of confidence in our region overall. We thank Maxima Grupė’s partners for their professionalism and significant contribution to the successful placement of this bond issue,” said Lauryna Šaltinė, Chief Financial Officer of MAXIMA GRUPĖ.
The majority of the proceeds will be used to refinance short-term debt, with the remaining funds allocated to support the Group’s operations.
The joint lead managers of the bond issue were Goldman Sachs Bank Europe SE, ING, and SEB bank. Legal advisors to the issuer were Clifford Chance LLP and COBALT, while Mayer Brown International LLP and Ellex Valiūnas acted as legal advisors to the banks.
The bond issue has been assigned a BB+ rating by S&P Global Ratings, while MAXIMA GRUPĖ maintains a BB+ credit rating with a stable outlook.
About MAXIMA GRUPĖ
MAXIMA GRUPĖ operates Maxima retail chains and Barbora online grocery stores in the Baltic countries. The company is part of Vilniaus prekyba group, which invests in retail and pharmacy chains, as well as real estate development and management companies across the Baltics, Sweden, Poland, and Bulgaria.
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com
Media Contacts:
Eglė Juškaitė
Nasdaq Vilnius
Marketing and Communications Manager
egle.juskaite@nasdaq.com
+370 618 17811