OREANDA-NEWS. ABLV Bank will perform three 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 311018; ISIN: LV0000802163)

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 31 October 2016, and the maturity date is 31 October 2018.

Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 311018; ISIN: LV0000802171)

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 31 October 2016, and the maturity date is 31 October 2018.

Discount bond issue of EUR 20 000 000 with the purpose of raising subordinated capital
(issue name: ABLV SUB EUR 311026; ISIN: LV0000802189)

The issue size is EUR 20 000 000. The number of bonds is 200 000. The face value of one bond is EUR 100. Initial placement price: 83.047% of the face value. The issue date is 31st October 2016, and the maturity date is 31st October 2026. The bank may redeem these bonds before maturity starting from 31st of October, 2021.
Annual interest rate of subordinated bonds:

  • from 31st of October,2016 till 31st of October, 2021 – fixed discount year of 3.75%;
  • from 1st of November, 2021 till 31st of October, 2026 – fixed coupon rate of 3.75% with coupon payment twice a year.

The subscription to bond issues will begin on 29 September 2016 and will last until 24 October 2016.