Continuing gradual replacement of long-term deposits with bonds, ABLV Bank, AS performed another bond issue under the Second Bond Offer Programme. This time, there were straight bonds worth USD 50 million and EUR 20 million issued.

Under the issue in USD, code: ABLV FXD USD 250215, there were 50 000 bonds issued. The face value of one bond is USD 1 000. The annual interest rate is fixed: 1.70% with coupon payment twice a year. The issue maturity date is 25 February 2015.

Under the issue in EUR, code: ABLV FXD EUR 250215, there were 20 000 bonds issued. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 1.675% with coupon payment twice a year. The issue maturity date is 25 February 2015.

The bonds were purchased by 35 customers of the bank. Investments in bonds allow customers to receive higher return than that under deposits and also ensure wider transaction opportunities — the securities can be purchased, sold or used as collateral to obtain financing.

Like previous bond issues, these ones will be also included in NASDAQ OMX Riga list of debt securities in order to begin public quotation of the bonds and make those available to investment funds and other professional investors.

“After these issues have been performed, the bonds of our bank held by investors amount to LVL 149 million. We have already performed 11 issues in total,” said Ernests Bernis, ABLV Bank Chief Executive Officer (CEO).

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86% of the bank's share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.