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VILNIUS - AKROPOLIS GROUP, UAB, a prominent developer and manager of shopping and entertainment centers, has announced that its recently issued EUR 350 million green notes are scheduled to be listed on both Euronext (EPA:ENX) Dublin and Nasdaq Vilnius exchanges starting May 15, 2025. The decision is contingent on the approval of the necessary bodies.
The double listing strategy, mirroring the group’s debut EUR 300 million bond issuance in 2021, aims to enhance visibility and attract foreign investment through Euronext Dublin, a key market for eurobonds. Concurrently, the listing on Nasdaq Vilnius is expected to engage local investors, diversify their portfolios, and invigorate Lithuania’s capital market.
The notes, issued with a 6.000% annual coupon rate and yield, are priced at 100%. They carry a BB+ rating from Fitch and S&P, reflecting a stable outlook, with a maturity date of May 15, 2030. This issuance marks a noteworthy accomplishment for Akropolis Group, particularly given the current market volatility, and underscores the company’s sustainable and dependable strategy.
The offering attracted significant interest, with an order book reaching EUR 1.1 billion, indicating an oversubscription rate of more than three times the final issue size. This level of demand from international investors, especially from the UK, continental Europe, and the Baltic and Nordic regions, attests to the group’s strong market presence and responsible practices.
Proceeds from the green notes will be allocated in line with the Green Finance Framework, supporting Akropolis Group’s commitment to sustainable growth.
The offering saw collaboration with financial institutions ING, Citi, and SEB, with legal advisory provided by Clifford Chance LLP and TGS Baltic for Akropolis Group, while Mayer Brown International LLP and Walless advised the banks. PricewaterhouseCoopers serves as the auditor for Akropolis Group.
This listing is based on a press release statement, and it represents a strategic move by Akropolis Group to diversify its funding sources and solidify its dedication to sustainable business practices.
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