Riga, Latvia, 2015-10-26 07:11 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 and one subordinated bond issue, total size amounting to EUR 20 million at face value. During the initial placement, the bonds were acquired by 121 investor respectively.
The issues were performed under the Fifth Bond Offer Programme, and on 27 October the bonds are planned to be admitted to the regulated market – the Nasdaq Riga Baltic list of debt securities. Parameters of the issues are stated below.
Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 261017; ISIN: LV0000801850)
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: 1.65% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 26 October 2015, and the maturity date is 26 October 2017.
Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 261017; ISIN: LV0000801868)
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: 0.80% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 26 October 2015, and the maturity date is 26 October 2017.
Discount bond issue of EUR 20 000 000 for the attraction of subordinated capital
(issue name: ABLV SUB EUR 261025; ISIN: LV0000801835)
The issue size is EUR 20 000 000. The number of bonds is 200 000. The face value of one bond is EUR 100. Initial placement price: 83.047% of the face value. The issue date is 26 October 2015, and the maturity date is 26 October 2025. The bank may redeem these bonds before maturity starting from 26 October 2020. Annual interest rate of subordinated bonds:
- from 26 October 2015 till 26 October 2020 – fixed discount rate of 3.75%;
- from 27 October 2020 till 26 October 2025 – fixed coupon rate of 3.75% with coupon payment twice a year.
Including the redeemed bonds, we have performed 32 public bond issues so far. Currently, there are 18 bond issues included in the Nasdaq Riga 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 86.25% 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