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ABLV: ABLV Bank to offer three new bond issues

Spekuliantai.lt | 2012-06-11 | NASDAQ OMX biržų naujienos | perskaitė: 781
ABLV: ABLV Bank to offer three new bond issues

ABLV Bank, AS Company Announcement 11.06.2012

ABLV Bank to offer three new bond issues

Riga, Latvia, 2012-06-11 15:57 CEST (GLOBE NEWSWIRE) -- On 7 June 2012, the
Council of the Financial and Capital Market Commission approved registration of
the Base Prospectus of ABLV Bank, AS second bond offer programme, stating that
under the Base Prospectus ABLV Bank, AS may perform public offering of debt
securities to the amount of LVL 150 000 000, or equivalent amount in EUR or
USD.

The bank continues implementing the strategy started at the end of the last
year: issuing of bonds aimed at successfully substituting long-term deposits.
Investments in bonds allow customers to receive higher income than that under
deposits. Debt securities ensure wider transaction opportunities for customers
– those can be purchased, sold or used as collateral to obtain financing,
meanwhile retaining the investment amount and planned yield. Second bond offer
programme continues the successfully started campaign. The demand for bonds
issued by ABLV Bank exceeded the offer.

New bond series, just like previous ones, will be listed on the regulated
market – NASDAQ OMX Riga stock exchange list of debt securities.

In the nearest time, there will be several bond issues performed under the Base
Prospectus of the second bond offer programme: two bond issues, equal to USD 20
million and EUR 5 million, will be performed for the sake of raising
subordinated capital, and their maturity term will be 10 years. Whereas in
July, the investors will be given an opportunity to apply for bonds worth USD
50 million, maturing in 2 years.

The major parameters of three bond issue series performed under the Base
Prospectus of ABLV Bank, AS second bond offer programme are listed below.

Bond issue of EUR 5 000 000 for the sake of raising subordinated capital

The issue size is EUR 5 000 000. The number of bonds is 50 000. The face value
of one bond is EUR 100. The issue date is 25 June 2012, and the maturity date
is 25 June 2022.

Annual interest rate of subordinated bonds:

-- from 25 June 2012 till 25 June 2017 – discount rate of 4.5% calculated
twice a year (without coupon payment);
-- from 26 June 2017 till 25 June 2022 – coupon rate of 6.0% calculated twice
a year.

Bond issue of USD 20 000 000 for the sake of raising subordinated capital

The issue size is USD 20 000 000. The number of bonds is 200 000. The face
value of one bond is USD 100. The issue date is 27 June 2012, and the maturity
date is 27 June 2022.

Annual interest rate of subordinated bonds:

-- from 27 June 2012 till 27 June 2017 – fixed rate of 4.5% with coupon
payment twice a year;
-- from 28 June 2017 till 27 June 2022 – fixed rate of 6.0% with coupon
payment twice a year.

Bond issue of USD 50 000 000

The issue size is USD 50 000 000. The number of bonds is 50 000. The face value
of one bond is USD 1 000. The annual interest rate is floating: LIBOR 6M +
1.20% with coupon payment twice a year. The issue date is 30 July 2012, and the
maturity date is 30 July 2014.

ABLV Bank is the largest independent private bank in Latvia. The bank’s
majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne — directly
and indirectly hold 86% of the bank's share capital. ABLV Group includes ABLV
Bank, AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; ABLV
Transform Partnership, 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, Yekaterinburg, Kiev, Odessa,
Minsk, Almaty, Dushanbe, Baku, and Tashkent.


Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
Mob.: +371 2866 0009
e-mail: ilmars.jargans@ablv.com


1. Galigie_noteikumi_USD_20milj.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=395683)
2. Galigie_noteikumi_EUR_5milj.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=395682)
3. Pamatprospekts_2012.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=395685)
4. Galigie_noteikumi_USD_50milj.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=395684)

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