An A credit rating has been assigned to the EUR 400 million medium-term bond programme renewed and approved by UAB Valstybės Investicinis Kapitalas. After reviewing the securities programme, the international credit rating agency Fitch Ratings affirmed the rating, indicating that the bond programme carries a high level of security and that financial obligations are met in a timely manner.
It should be noted that the renewed securities programme is aimed at investments in strengthening Lithuania’s defence and security industry. The programme’s bonds will be secured by a state guarantee, with up to EUR 55 million in bonds scheduled for issuance in 2025. Targeted at professional investors and carrying a high level of security, the securities will be offered through the Nasdaq Vilnius Stock Exchange.
The funds raised from the capital market will be allocated to investments in the defence and security industry being developed in the Republic of Lithuania. The company has made a strategic decision to invest up to EUR 71.05 million in the UAB Rheinmetall Defence Lietuva artillery ammunition plant. The new artillery ammunition plant will produce 155-mm artillery shells for the armed forces of Lithuania and other NATO countries.
It is worth noting that this type of securities issue designed to support regional security will be the first of its kind in both the Baltic and Scandinavian regions.
Fitch Affirms Lithuanian UAB Valstybes investicinis kapitalas’ EMTN Programme at ‘A’