Banks, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Tuesday, 16.04.2024, 09:15
Latvia’s ABLV Bank plans to issue bonds worth USD 75 mln and EUR 20 mln in late February
Print version |
|---|
Under the Sixth Bond Offer Program, ABLV Bank will issue 75,000 coupon bonds with a face value of USD 1,000. The annual interest rate is fixed at 2.25% with coupon payment twice a year. The issue date is February 27, 2017, and the maturity date is February 27, 2019.
ABLV Bank will also issue 20,000 coupon bonds with a face value of EUR 1,000. The annual interest rate is fixed at 0.75% with coupon payment twice a year. The issue date is February 27, 2017, and the maturity date is February 27, 2019.
The subscription to bond issues will begin on January 26, 2017, and will last until February 20, 2017.
The bonds are planned to be admitted to the regulated market – the Baltic bond list of Nasdaq Riga.
As reported, the Latvian Finance and Capital Market Commission in April 2016 decided to register the base prospects of the issue of ABLV Bank bonds which provides for issue of debt securities worth EUR 400 mln or the equivalent amount in US dollars.
ABLV is the second largest bank in Latvia by assets. The bank's major shareholders - Olegs Fils, Ernests Bernis and Nika Berne - directly and indirectly hold 86.55% of the bank's voting share capital.
«The Baltic Course» Is Sold and Stays in Business!
