Riga, Latvia, 2012-12-17 14:54 CET (GLOBE NEWSWIRE) -- Information for holders of bonds issued by ABLV Bank, AS, series ABLV FRN USD 211213 (ISIN LV0000800928).
On 14 December 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.
The final coupon rate is 2.011% p.a., which is constituted by the Base Rate (LIBOR 6M = 0.511) and risk premium of 1.5%.
The rate shall be effective throughout the following Interest Income period: from 21 December 2012 till 20 June 2013.
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, ABLV Bank Luxembourg, S.A.; AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, 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
+371 6777 5296
ilmars.jargans@ablv.com