Riga, Latvia, 2015-01-09 15:17 CET (GLOBE NEWSWIRE) -- ABLV Bank, AS, will perform two new bond issues under the Fourth Bond Offer Programme, and the bonds will be admitted to the regulated market – Nasdaq Baltic list of debt securities.
The parameters of the issues are stated below.
Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 230217; ISIN: LV0000801645)
The issue size is USD 75 000 000. The number of bonds is 75 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 2.20% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 23rd of February 2015, and the maturity date is 23rd of February 2017.
Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 230217; ISIN: LV0000801652)
The issue size is EUR 20 000 000. The number of bonds is 20 000. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 1.80% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 23rd of February 2015, and the maturity date is 23rd of February 2017.
The subscription to bond issues will begin on 15th of January 2015 and will last till 16th of February 2015.
As previously reported, at the end of 2011 ABLV Bank started to substitute long-term deposits with bonds. So far, we have performed 25 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in the Nasdaq Baltic 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