On April 8, Hipoteku banka has approved amendments to the Base Prospectus of Initial Offering Program of Mortgage Bonds of 15 February 2008, and submitted them to the Financial and Capital Market Commission for approval. The total amount of mortgage bonds under this program constitutes 150 million lats or its equivalent in euros or US dollars. The bank has decided to issue mortgage bonds in the amount of 20 to 30 million lats. The final conditions of the issue are currently being developed. Funds attracted as a result of the issue shall be used to finance the primary services of the bank as well as to improve the term structure of assets and liabilities. Mortgage bank is the only Government-owned bank in the Baltic States. Safety and stability of the Bank is characterized by ratings assigned by the credit rating agency Moody's Investor Service: long-term obligations rating is A2, rating to its issued mortgage bonds - A1. The long-term obligations rating for Latvian Government is A2, thus the Bank is awarded the highest feasible rating evaluation in Latvia.