2013-03-14 17:58

General Financing considers tapping Lithuania’s bond market

General Financing, a consumer credit provider that is owned by Société Générale Consumer Finance, which is part of France’s Société Générale group, mulls tapping Lithuania’s bond market, the Verslo Žinios business daily reports.
Prancūzijos bankas „Societe Generale“
Prancūzijos bankas „Societe Generale“ / „Reuters“/„Scanpix“ nuotr.

“We thought very seriously about a possibility to issue bonds in Lithuania before the crisis, we made thorough calculations but shelved these plans later. Now we think again that we could do that,” Konstantinas Balakinas, General Financing CEO, told the daily.

He would not provide any details about the size of the issue or the time of its placement.

Estonian-owned consumer loan provider Bigbank, which is active in Lithuania and now holds a banking license, issued bonds in the past, but not in Lithuania.

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