NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OR TO ANY U.S. PERSON, OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
Following the successful placement of a EUR 350 million green notes issuance with a maturity of 5 years (hereinafter – the Notes) by AKROPOLIS GROUP, UAB (hereinafter – Akropolis Group), the leading shopping and entertainment centre development and management company, the Notes are planned to be admitted to trading on Nasdaq Vilnius and Euronext Dublin stock exchanges as from 15 May 2025, subject to adoption of the needed decisions by the respective bodies thereof (prospectus of Akropolis Group, related to the admission is attached hereto as annex).
Double listing of the Notes (as was also the case with the debut EUR 300 million bond issuance carried out in 2021) was chosen because of several reasons – Euronext Dublin is one of the main markets for eurobonds, opening up more opportunities for foreign investors and giving a possibility to be more visible internationally. The Notes shall also simultaneously be listed on Nasdaq Vilnius exchange, allowing local investors to expand and diversify their investment portfolios and bringing more interest and activeness to the Lithuanian capital market.
The Notes were issued with an annual coupon rate of 6.000%, a yield of 6.000% per annum, and a final public offering price of 100%. The Notes have been assigned BB+ ratings by both Fitch and S&P, with a stable outlook. The maturity date of the Notes is 15 May 2030.
Considering recent market volatility, the successful placement of the Notes under these conditions represents a significant achievement. Strong international investors demand demonstrates that Akropolis Group’s strategy is both sustainable and reliable. The Notes‘ offering attracted an order book of EUR 1,1 billion, more than 3,1 times oversubscribed compared to the final issue size. This transaction not only diversifies funding sources but also reinforces Akropolis Group’s position as a strong and responsible market participant. The green Notes represent an important step toward sustainable growth, as the proceeds will be used in accordance with the principles set out in the Green Finance Framework (for more information: Akropolis Group – Green Finance Framework – February 2025).
Most investors attracted by the Notes issuance transaction were from the United Kingdom, continental Europe, Baltic and Northern countries. Asset managers, banks and other professional investors were among the investors.
During the offering of the Notes, Akropolis Group cooperated with banks ING, Citi and SEB. The legal advisors of Akropolis Group were Clifford Chance LLP, which was leading legal advisor, and TGS Baltic, which advised in respect of Lithuanian law. The legal advisors of the Banks were Mayer Brown International LLP and Walless. The auditor of Akropolis Group is PricewaterhouseCoopers.
For more information:
Dominykas Mertinas
Head of Marketing and Communications
AKROPOLIS GROUP, UAB
+370 64027001
dominykas.mertinas@akropolis.lt
Attachment
- Base Prospectus of AKROPOLIS GROUP, UAB 350 M Green Bond Issuance Due 2030
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