Riga, Latvia, 2013-12-28 07:40 CET (GLOBE NEWSWIRE) --
ABLV Bank, AS, has redeemed two straight coupon bond issues performed in 2011. On 20 December 2013, bonds ABLV FRN EUR 201213 (ISIN LV0000800910) were redeemed, and on 27 December 2013 – bonds ABLV FRN USD 211213 (ISIN LV0000800928) were redeemed, at 100% of the face value.
The said bond issues were performed on 20 December and 21 December 2011. Their respective sizes were EUR 10 million and USD 30 million at face value of the bonds. The term of the bond issues was 2 years, and those were included in NASDAQ OMX Riga list of debt securities.
As we informed earlier, at the end of 2011 we initiated gradual replacement of long-term deposits with bonds. Currently, 15 public bond issues of ABLV Bank are included in NASDAQ OMX Riga list of debt securities. The investors own ABLV Bank, AS, bonds worth more than EUR 350 million.
We would like to remind that till 11 February 2014 it is possible to subscribe to new issues of straight coupon bonds in EUR and USD. More information about terms of new issues can be found at our home page www.ablv.com.
ABLV Bank, AS 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 Bank Luxembourg, S.A.; 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, Vladivostok, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, Tashkent, and Limassol.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com