Continuing the bond issue programme started in 2011, ABLV Bank, AS, has performed three new bond issues: two straight coupon bond issues of USD 75 000 000 and EUR 20 000 000, and subordinated bond issue of EUR 20 000 000 at face value. During the public offer, straight bonds denominated in dollars were purchased by 112 investors, straight bonds in euro – by 54 investors, and 20 investors purchased subordinated bonds. This is a record-high demand for our bonds in the history of bond issue programme.
Bond issues were performed under the Fourth Bond Offer Programme, and these bonds will be admitted to the regulated market – NASDAQ Riga list of debt securities. So far we have performed 25 public bond issues, including new and redeemed bonds.
The parameters of the issues are stated below:
Coupon bond issue of USD 75 000 000(issue name: ABLV FXD USD 281016; ISIN: LV0000801504)
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: 2.10% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 28 October 2014, and the maturity date is 28 October 2016.
Coupon bond issue of EUR 20 000 000(issue name: ABLV FXD EUR 281016; ISIN: LV0000801512)
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: 1.90% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 28 October 2014, and the maturity date is 28 October 2016.
Discount bond issue of EUR 20 000 000 with a purpose of raising subordinated capital(issue name: ABLV SUB EUR 271024; ISIN: LV0000801520)
The issue size is EUR 20 000 000. The number of bonds is 200 000. The face value of one bond is EUR 100. Initial placement price: 81.8340% of the face value. The issue date is 27 October 2014, and the maturity date is 27 October 2024. The bank may redeem these bonds before maturity starting from 27 October 2019.
Annual interest rate of subordinated bonds:
- from 27 October 2014 till 26 October 2019 – fixed discount year rate of 4.05%, no interest income is supposed to be paid (no coupon payments);
- from 27 October 2019 till 27 October 2023 – fixed coupon rate of 6.00% with coupon payment twice a year.
Including the abovementioned three new issues, 21 bond issues will be included in the NASDAQ Riga list of debt securities.