Nerijus Aukščiūnas, Head of Treasury at SBA Grupė: „For investors, this is one of the rare opportunities to invest in the long-term debt securities of a well-established, stable and trustworthy business. SBA furniture is embarking on a new growth cycle, and SBA Furniture Group’s profitability has been rising in recent years due to continued production efficiencies. We are confident that our appealing risk/return ratio will fuel bond demand as the European Central Bank enters the rate-cutting phase. It also represents a safe opportunity for investors to diversify their portfolios primarily concentrated in real estate. Therefore, since the spring issue, we have seen growing interest in the bonds from both domestic and foreign investors.“
Investors will receive quarterly interest payments on the securities. One SBA Furniture Group bond has a nominal value of EUR 1,000 and a minimum investment of EUR 5,000. Redgate Capital, a Baltic investment banking firm, underwrites the company’s bond issue.
The funds raised will be used to implement a strategy to restructure the financing structure by repaying part of the loans used to finance the expansion of the capacity of furniture manufacturing companies. This will also free up cash flow for future periods and prepare for a planned new phase of expansion.
Susiję straipsniai
In the spring, SBA Furniture issued the first tranche of EUR 2.7 million.
Bond issuer SBA Furniture Group is one of the largest furniture exporters in the Baltic States. It owns the management company SBA Home, the furniture manufacturing companies Inno Line, Klaipėdos Baldai, Visagino Linija, Šilutės Baldai, and Kauno Baldai, the logistics centre Innovo Logistika, and the robotics and automation solutions company Robotex.
Its audited revenue in 2022 amounted to EUR 389 million.