ABLV Bank, AS, issues new coupon bonds

Riga, Latvia, October 16, 2013, 15:40 / Investments

Continuing the bond issue programme, ABLV Bank, AS, has issued new coupon bonds to the amount of USD 50 000 000. The issue was performed under the Third Bond Offer Programme, and on 17 October the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

Coupon bond issue of USD 50 000 000

(issue name: ABLV FXD USD 161015; ISIN code: LV0000801215)

The issue size is USD 50 000 000. The number of bonds is 50 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 1.90% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 16 October 2013, and the maturity date is 16 October 2015.

It should be noted that demand for newly issued bonds exceeded the offer. The bonds were purchased by 87 customers of the bank. Investments in bonds allow customers to receive higher return than that under deposits and also ensure wider transaction opportunities — purchase and sale of the securities. Moreover, public quotation of the bonds makes those available to investment funds and other professional investors.

Redemption of coupon bonds of USD 25 000 000

(issue name: ABLV FXY USD 151013; ISIN code: LV0000801033)

Also we would like to inform that on 15 October 2013 ABLV Bank, AS, redeemed straight coupon bonds with series No. ABLV FXY USD 151013. The bonds were issued for the period of 1 year. The total size of this bond issue was equal to USD 25 000 000 at face value of the bonds. The bank paid out the face value in accordance with the issue terms, on the bond maturity date – 15 October 2013.

As we informed earlier, the bank initiated gradual replacement of long-term deposits with bonds at the end of 2011. Since then, we have performed already 17 public bond issues, which are included in NASDAQ OMX Riga list of debt securities. The investors own ABLV Bank, AS, bonds worth EUR 370 million in total.

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, Vladivostok, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.

Ilmārs Jargans
Head of Public Relations Department
+371 6777 5296