By Rebecca Melvin
Concord, N.H., May 26 – Akropolis Group UAB priced €300 million 2 7/8% five-year senior notes (expected ratings: /BB+/BB+) at 99.428 to yield 3%, according to a market source.
Pricing for the company’s inaugural international bond came at the tight end of talk for yield of 3% to 3¼% area.
Note guarantors are Ozo Turtas UAB, Taikos Turtas UAB, Aido Turtas UAB and M257 SIA.
BNP Paribas and JPMorgan were the joint global coordinators together with Luminor as joint bookrunner of the Regulation S transaction, which is expected to settle on June 2.
The proceeds are earmarked for general corporate purposes, including expansion by organic growth and/or acquisitions, development capital expenditures and debt refinancing.
The real estate development company is a subsidiary of Vilniaus Prekyba UAB group and based in Vilnius, Lithuania.
| Issuer: | Akropolis Group UAB
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| Guarantors: | Ozo Turtas UAB, Taikos Turtas UAB, Aido Turtas UAB and M257 SIA
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| Amount: | €300 million
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| Description: | Unsecured notes
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| Maturity: | June 2, 2026
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| Bookrunners: | BNP Paribas, JPMorgan and Luminor
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| Coupon: | 2 7/8%
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| Price: | 99.428
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| Yield: | 3%
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| Trade date: | May 26
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| Settlement date: | June 2
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| Ratings: | S&P: BB+
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| Fitch: BB+
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| Distribution: | Regulation S
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| Price talk: | 3-3¼% area
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