Riga, Latvia, 2015-02-23 08:09 CET (GLOBE NEWSWIRE) -- Under the bond issue programme, ABLV Bank, AS, has performed two more coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value. During initial placement, the bonds were acquired by 87 and 40 investors respectively.
The issues were performed under the Fourth Bond Offer Programme, and the bonds are planned to be admitted to the regulated market – Baltic bond list of Nasdaq Riga — on 24th of February.
The parameters of new 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.
As previously reported, at the end of 2011 ABLV Bank, AS, started to substitute long-term deposits with bonds. So far, we have performed 27 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in Baltic bond list of Nasdaq Riga.
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