On 9 May 2013, the Council of the Financial and Capital Market Commission (FCMC) approved registration of the Base Prospectus of ABLV Bank, AS, Third Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to LVL 200 000 000 or equivalent amount in EUR or USD.
Investments
Value of ABLV mutual funds’ assets exceeded EUR 75 million
The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.
About performance of ABLV open-end mutual funds in April
In April, after things in Cyprus have calmed down, major global stock markets resumed living their own lives, and dynamics of stock indexes of particular countries were mostly determined by internal factors.
ABLV Bank, AS issued subordinated bonds amounting to USD 20 million
Continuing gradual replacement of long-term deposits with bonds, we performed another bond issue under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount bonds for raising subordinated capital to the amount of USD 20 million.
About performance of ABLV open-end mutual funds in February
In February, the global stock market showed the mixed dynamic. While in January everything was bought everywhere, in February the major financial markets began to live its separate lives, and the dynamic of the indexes of different countries was mainly determined by internal factors.
ABLV Bank issued straight bonds worth USD 50 million and EUR 20 million
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.
About performance of ABLV open-end mutual funds in January
In January, most financial markets were elated. The surge of optimism and consequent high demand for risky assets was due to partly solving the “fiscal cliff” problem. In early January, the US president Barack Obama approved the law supposed to alleviate the “fiscal cliff” impact on the economy.
ABLV Bank offers customers three more bond issues
Continuing its bond issue programme, ABLV Bank, AS will offer three more bond issues. The bonds will be issued under the bank’s Second Bond Offer Programme and admitted to the regulated market – NASDAQ OMX Riga list of debt securities.
Value of ABLV mutual funds exceeded EUR 50 million
Last year was especially successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and at the beginning of January this year total value of their assets exceeded EUR 50 million.
Global Financial Market: Topical Issues 2012
The year 2012 was marked by noticeable slowing of world economic growth compared to 2011.