Riga, Latvia, 2016-05-12 18:30 CEST (GLOBE NEWSWIRE) -- ABLV Bank will perform two new bond issues under the Sixth Bond Offer Programme, and the bonds are planned to be admitted to the regulated market – the Baltic bond list of Nasdaq Riga.
The parameters of the issues are stated below.
Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 110718; ISIN: LV0000802072)
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: 1.85% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 11 July 2016, and the maturity date is 11 July 2018.
Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 110718; ISIN: LV0000802080)
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: 0.70% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 11 July 2016, and the maturity date is 11 July 2018.
The subscription to bond issues will begin on 18 May 2016 and will last until 4 July 2016.
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; ABLV Advisory 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, Limassol and New York.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com
