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ABLV: ABLV Bank, AS issued subordinated bonds amounting to USD 20 million

Spekuliantai.lt | 2013-03-18 | NASDAQ OMX biržų naujienos | perskaitė: 648
ABLV: ABLV Bank, AS issued subordinated bonds amounting to USD 20 million

ABLV Bank, AS Company Announcement 18.03.2013

ABLV Bank, AS issued subordinated bonds amounting to USD 20 million

Riga, Latvia, 2013-03-18 11:54 CET (GLOBE NEWSWIRE) -- Continuing gradual
replacement of long-term deposits with bonds, we performed another bond issue
under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount
bonds for raising subordinated capital to the amount of USD 20 million.

Under the issue in USD, code: ABLV SUB USD 180323, there were 200 000 bonds
issued. The face value of one bond is USD 100. Initial placement price:
80.0510% of the face value. The issue date is 18 March 2013, and the maturity
date is 18 March 2023. In five years, the bank may perform premature redemption
of the bonds.

Annual interest rate of subordinated bonds:

-- from 18 March 2013 till 18 March 2018 – fixed discount rate of 4.5%
calculated twice a year, without coupon payment;
-- from 19 March 2018 till 18 March 2023 – fixed coupon rate of 6.0% with
coupon payment twice a year.

The demand for the bonds considerably exceeded the offer, and thus applications
of most investors were satisfied partly. The bonds were purchased by 36
customers of the bank. Investments in bonds allow customers to receive higher
return than that under deposits and also ensure wider purchase and sale
transaction opportunities.

Like previous bond issues, this one will be also included in NASDAQ OMX Riga
list of debt securities in order to begin public quotation of the bonds and
make those available to investment funds and other professional investors.

“Having performed this bond issue, we completed the bank's Second Bond Offer
Programme. The programme size was LVL 150 million, and it was implemented in
full. In total over the last year and a half we have already performed 12
public issues. We plan to approve another bond issue programme soon, under
which we will perform public offering of bond issues amounting up to LVL 200
million," said Ernests Bernis, ABLV Bank Chief Executive Officer (CEO).

ABLV Bank, AS 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 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, Yekaterinburg,
Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.


Ilmārs Jargans

Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: [email protected]

Taip pat skaitykite

DPK: Decisions of the regular meeting of shareholders dated 27.05.2013

VLN: NEW MUTUAL FUND TO THE BALTIC FUND CENTER

VLN: The results of the primary placement auction of Lithuanian Government securities

VLN: VVP pirminio platinimo aukciono rezultatai

2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos

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