Continuing the bond issue programme, ABLV Bank, AS, has performed two new issues of coupon bonds, the total amount of which equalled USD 75 000 000 and EUR 20 000 000 at face value. More than 50 investors participated in acquiring bonds of each issue. This is the highest demand for our bonds so far. The amount of bond issue in USD was increased from USD 50 million to USD 75 million, due to large demand.
The issues were performed under the Third Bond Offer Programme, and the bonds are planned to be admitted to the regulated market – NASDAQ OMX Riga list of debt securities – on the 18th of February.
The bank initiated gradual replacement of long-term deposits with bonds at the end of 2011. Including new bonds and those already redeemed, we have performed 20 public bond issues so far.
The parameters of new issues are stated below.
Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 170216; ISIN code:
LV0000801298)
The issue size is USD 75 000 000. The number of bonds is 75 000. 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.
The bonds were purchased by 57 investors.
Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 170216; ISIN code:
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 bonds were purchased by 52 investors.
Following the said issue of the bonds, there will be 17 bond issues included in the NASDAQ OMX Riga list of debt securities. The investors own ABLV Bank, AS, bonds worth more than EUR 427.4 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, Tashkent, and Limassol.