Akropolis Group Invites Investors for Upcoming Bond Offering
Akropolis Group Invites Investors for Upcoming Bond Offering
Akropolis Group, UAB, a prominent leader in shopping and entertainment center development in the Baltic region, is taking significant steps to engage investors in its latest bond issuance process. The company has appointed Citigroup Global Markets Europe AG, ING Bank N.V., and Skandinaviska Enskilda Banken AB, to coordinate and facilitate this initiative, aiming to foster a robust dialogue with potential investors.
An Overview of the Bond Issuance Process
This initiative seeks to create a platform for communication through a series of targeted meetings arranged for investors. The presentations will detail specifics about a senior unsecured offering of fixed-income notes, which the company anticipates will adhere to market conditions. The offering is anticipated to be denominated in euros, signifying Akropolis Group's commitment to sustainability with the inclusion of a Green Finance component.
Marquee Investors and Market Commitments
With the involvement of notable structuring banks, Akropolis Group is readying itself for a series of proactive engagements. Potentially scheduled to commence shortly, these investor meetings will serve as a channel for disseminating crucial information about the forthcoming notes and updates about the company’s growth trajectory. The eyes of the market will likely focus on the expected ratings of the notes, which are projected to receive a BB+ rating from both S&P and Fitch.
Commitment to Sustainability and Green Finance
As part of its financial strategy, Akropolis Group plans to allocate the proceeds from the bond offering to refinance its existing financial instruments. This decision aligns with the company's Green Finance Framework, which emphasizes investment in environmentally-friendly projects. By financing their existing EUR 300 million Guaranteed Notes due in a few years, the company underscores its dedication to sustainable development and responsible investment practices.
Ensuring Financial Stability
The refinancing move is set to strengthen Akropolis Group's financial base, enabling the potential for future growth while ensuring compliance with its environmental commitments. The completion of the bond issuance could activate make-whole redemption options on the existing notes, providing further agility in financial management.
Connect with Akropolis Group
For those who are interested in learning more about the upcoming bond offering or Akropolis Group's investment strategies, the company invites potential investors to reach out through their investor relations contact point. This invitation emphasizes transparency and open communication as the company progresses in its financial endeavors.
For further information, please contact:
Investor Relations
AKROPOLIS GROUP, UAB
Frequently Asked Questions
What is the purpose of the bond offering by Akropolis Group?
The bond offering aims to raise funds to refinance existing debt while committing to sustainable finance initiatives.
Which banks are leading the bond issuance for Akropolis Group?
Citigroup Global Markets Europe AG, ING Bank N.V., and Skandinaviska Enskilda Banken AB are coordinating the process.
What are the projected ratings for the upcoming notes?
The notes are expected to be rated BB+ by S&P and Fitch.
How will the proceeds from the bond offering be used?
Proceeds will refinance existing Guaranteed Notes in alignment with the company's Green Finance Framework.
How can investors connect with Akropolis Group for more information?
Investors can reach out via the email address provided for further insights into the offering.
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