Banks, Financial Services, Investments, Latvia
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Friday, 26.04.2024, 19:06
Rietumu Banka will perform early redemption of the subordinated bonds
Following Bonds will be
redeemed on September 7, 2017:
· USDSB-1 (ISIN:LV0000801009);
· EURSB-1 (ISIN: LV0000800993).
Meanwhile, the issue of the
Bonds USDSB-2 (ISIN:LV0000801025) will be redeemed on September 14, 2017.
All above mentioned issues of the Bonds will be redeemed in full nominal value
of the issues at the price of 100% of their nominal value.
The issue of the Bonds USDSB-1 (ISIN:LV0000801009) was made on September 7,
2012 and its nominal value is USD 6 000 000. The issue of the Bonds EURSB-1
(ISIN:LV0000800993) was held on September 7, 2012 and its nominal value is EUR
10 000 000. Both emissions of the Bonds were issued for a term of 7 years, with
a fixed annual interest rate at 7.00% payable twice a year.
According to the terms of the
issues, the Issuer has a right to execute the early redemption of the Bonds in
full issue volume starting from September 7, 2017.
Meanwhile, the issue of the Bonds USDSB-2 (ISIN:LV0000801025) was held on
September 14, 2012 and its nominal value is USD 5 025 000. Bonds were issued
for a term of 7 years, with a fixed annual interest rate at 7.00% payable twice
a year. According to the terms of the issue, the Issuer has a right to execute
the early redemption of the Bonds in full issue volume starting from September
14, 2017.
All Bonds were registered within NASDAQ Riga stock exchange and are in public
trading.
The Issuer has obtained the required permission from the Financial and Capital
Market Commission in order to execute the early redemption of the Bonds.