The special shareholder meeting of the Joint Stock Company “Mortgage and Land Bank of Latvia”, held on March 20, 2007, made a decision to issue short-term debt securities either under an offer program or by several separate issues, with a term of circulation up to one year, of the amount Ls 100 000 000 or a respective amount in euros at the Latvia Bank official rate, within one year as of the moment of decision making at the shareholder meeting. The shareholder meeting the Board of the JSC “Mortgage and Land Bank of Latvia” pass resolutions concerning the said issue, approval of prospectuses of financial instruments issued under the offering program, organizing of public offerings, initial placement procedure of financial instruments, inclusion of financial instruments in the regulated market, yield rates, determining the initial price and other characteristics, and redemption procedure of financial instruments. On April 27, 2007, the Council of the Finance and Capital Market Commission made a decision to register the Base Prospectus of Discount Notes of the JSC “Mortgage and Land Bank of Latvia”, and permit to make public offerings of the discount notes to the amount of Ls 100 000 000 or their equivalent euros at the Bank of Latvia rate. The Bank is planning to make the public offer to investors of Latvia, Lithuania and Estonia. The goal of the Discount Notes Public offer is attraction of funds for primary operations of the Mortgage Bank. Member of the Board, Deputy Chairman of the Board R.Paņko Henkels, phone 7774050
Notification of a material event
| Source: Latvijas Hipoteku un zemes banka