Continuing the bond issue programme, ABLV Bank, AS, will perform two more bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.
The parameters of the issues are stated below.
Coupon
bond issue of USD 50 000 000
(issue
name: ABLV FXD USD 170216; ISIN code: ISIN LV0000801298)
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: 1.975% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 17 February 2014, and the maturity date is 17 February 2016.
Coupon
bond issue of EUR 20 000 000
(issue
name: ABLV FXD EUR 170216; ISIN code: ISIN LV0000801306)
The issue size is EUR 20 000 000. The number of bonds is 20 000. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 1.975% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 17 February 2014, and the maturity date is 17 February 2016.
The subscription to these bond issues will be started on 16 December 2013 and will last till 11 February 2014.
As we informed earlier, the bank initiated gradual replacement of long-term deposits with bonds at the end of 2011. Currently, 17 bond issues are included in the NASDAQ OMX Riga list of debt securities. The investors own ABLV Bank, AS, bonds worth more than EUR 380 million.
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.