The issue was placed on Thursday, Laura Bielskė, Bite’s spokeswoman, told BNS.
The news agency Bloomberg has reported that the issue bears the interest of three-month Euribor plus 7.5 percent. The securities will be offered to institutional investors and will be redeemed in 2018.
The receipts will be used for the redemption of existing issues, which will mature in 2014 (EUR 190m issue) and in 2017 (EUR 110m issue), as well as for other payments.
Bite Group posted 169.3 million litas (EUR 49.1m) in revenues for the third quarter of 2012, up 6.2 percent from the same period a year before. Its EBITDA increased by 7.9 percent, year-on-year, to 50.9 million litas.
Bite Finance International owns 100 percent of shares in Bite Lietuva, which, in its turn, owns 100 percent of Bite Latvia.