Riga, Latvia, 2014-11-07 07:39 CET (GLOBE NEWSWIRE) -- ABLV Bank, AS, has redeemed two straight coupon bond issues performed in 2012. On 5th of November 2014, bonds ABLV FXD EUR 051114 (ISIN LV0000801041) were redeemed, and on 6th of November 2014 – bonds ABLV FXD USD 061114 (ISIN LV0000801058) were redeemed, at 100% of the face value.
The abovementioned bond issues were performed on 5th of November and 6th of November, 2012. Their respective sizes were EUR 15 million and USD 50 million at face value of the bonds. The term of the bond issues was 2 years, and those were included in NASDAQ Riga list of debt securities.
As we informed earlier, at the end of 2011 we initiated gradual replacement of long-term deposits with bonds. So far we have performed 25 public bond issues, including redeemed bonds. Currently, 19 public bond issues of ABLV Bank are included in NASDAQ OMX Riga list of debt securities.
ABLV Bank, AS, is the largest independent private bank in Latvia. The bank’s major shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86.23% of the bank's voting 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