Riga, Latvia, 2015-06-25 16:22 CEST (GLOBE NEWSWIRE) -- On 25th of June, 2015, ABLV Bank, AS, redeemed straight coupon bonds ABLV FXD USD 210615 (ISIN LV0000801199) and ABLV FXD EUR 210615 (ISIN LV0000801207) issued in 2013. The bonds were redeemed at 100% of the face value and at the same time last coupon payments under the bonds were made.
The abovementioned bond issues were performed on 21th of June, 2013. Their respective sizes were EUR 20 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 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, 17 bond issues are included in Baltic bond list of Nasdaq Riga.
We would like to remind that till 29 June 2015 it is possible to subscribe to new issues of coupon bonds ABLV FXD USD 070717 (ISIN LV0000801751) and ABLV FXD EUR 070717 (ISIN LV0000801769). 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 major shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86.25% 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, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, and Limassol.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com