Riga, Latvia, 2016-07-11 07:35 CEST (GLOBE NEWSWIRE) -- On 8th of July, 2016, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 080716 (ISIN LV0000801421) and ABLV FXD EUR 080716 (ISIN LV0000801439) issued in 2014. 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 8th of July, 2014. Their respective amount was EUR 20 million and USD 75 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 34 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in Baltic bond list of Nasdaq Riga.
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 86.55% 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, Limassol, and New York.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com