Riga, Latvia, 2012-06-14 10:43 CEST (GLOBE NEWSWIRE) -- Information for holders of bonds issued under ABLV Bank, AS first bond issue series in EUR, ABLV FRN EUR 201213 (ISIN LV0000800910).
On 13 June 2012, the bond annual interest rate was set pursuant to the procedure set forth in ABLV Bank, AS Base Prospectus of the First Bond Offer Programme (paragraph 6.6) and the Final Terms – 5 (five) working days prior to the next date of the Interest Income payment.
The rate shall be effective throughout the following Interest Income period: from 20 June 2012 till 19 December 2012.
The final coupon rate (2.439% p.a.) is constituted by the Base Rate (Euribor 6M = 0.939) and risk premium of 1.5%.
ABLV Bank is the largest independent private bank in Latvia. The bank’s majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne — directly and indirectly hold 86% of the bank's share capital. ABLV Group includes ABLV Bank, AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; ABLV Transform Partnership, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
Mob.: +371 2866 0009
e-mail: ilmars.jargans@ablv.com