Riga, Latvia, 2012-12-10 12:52 CET (GLOBE NEWSWIRE) -- Starting from December 7, 2012, bonds of Rietumu Banka are listed on the NASDAQ OMX Baltic Bond list. As a result of issuing bonds denominated in EUR and USD in three separate issues, Rietumu Banka has raised funds from investors with a total value of more than 10 million EUR and 11 million USD.
“We are pleased to see growing interest from Baltic companies to raise capital by issuing bonds and we congratulate Rietumu Banka on a successful bond placement. Rietumu Banka is the third company that has issued and listed bonds on Baltic Market this year. There are more companies in the pipeline,” says Daiga Auziņa-Melalksne, Head of Exchange Services, NASDAQ OMX Baltic Market.
Aleksej Generalov, Head of the Financial Institutions and Capital Markets Division at Rietumu Banka says: “Rietumu Bank’s subordinated bonds represent a highly attractive and, as shown in practice, highly demanded instrument for investing. The main advantages of our subordinated bonds include not only high profitability, exceeding traditional deposit rates, but also the fact that their purchase entitles foreign investors to obtain residence permits in Latvia. Listing our bonds on the NASDAQ OMX Baltic Market will enable investors to assess the current value of their investments, as well as promote trading of these securities on the secondary market.”
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About Rietumu Banka
Rietumu Banka is a Latvian commercial bank that was established in 1992. It is one of the largest private banks in the Baltic States, specializing in corporate banking and affluent individuals. The bank is well represented in the global market, providing a full range of financial services to customers all over Europe, the Baltic States, Russia, Ukraine, Belarus, China and other regions. Apart from traditional banking services, such as crediting, financing trade operations, deposits and international payments, Rietumu Banka provides consulting services (including tax consultations), brokerage services, asset management, consulting, and assistance in obtaining a residence permit in Latvia, plus e-commerce. Headquartered in Riga, the bank operates representative offices in Paris, Moscow, Kiev, Minsk, Almaty, Yerevan and Bucharest. Remote banking is provided by means of internet banking, a home banking system, and a banking application for the iPhone. Services are provided in Russian, English, French, German and Latvian.
Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv