OREANDA-NEWS. On January 29, 2007 On 29 AB DnB NORD Bankas, a leader of Lithuania’s structured investment product market, issues 3-year Litas and Euro-denominated notes their returns linked to changes of the Russian equity prices, reported the press-centre of DnB NORD Bankas.

Returns of the newly issued AB DnB NORD Bankas notes will be linked to J.P. Morgan Russian equity fund index. Over 40 percent of investment of this fund are directed towards materials and energy sectors, as the Russian economy growth is strongly supported by energy resources export while high global oil and gas prices are likely to lead to an increased internal consumption and overall Russia’s economy growth.

AB DnB NORD Bankas has set 110 percent participation rate for the newly issued Litas-denominated notes, whereas for Euro-denominated securities the participation rate has been set at 60 percent. The rate defines what percentage of the calculated equity index gain is to be received by the holder of the securities.

The notes shall mature on 11 March 2011. AB DnB NORD Bankas extends guarantees that at the maturity the principal investment amount will be repaid to the note holder, shall the calculated index value fall below the initial. The notes can be sold prior to maturity at market price.

Customers will be offered to purchase the new notes in all AB DnB NORD Bankas outlets until 6 March (inclusive). The minimum investment amount has been set at LTL 5,000 and EUR 1,500.

AB DnB NORD Bankas that won the country’s Central Securities Depository award for its active performance on the local debt securities market last year, had successfully allotted debt securities at a nominal value of LTL 1,1 billion as at the end of 2007, the majority of them equity and commodity linked notes.

AB DnB NORD Bankas is a universal commercial bank that provides full range of banking services to individual and corporate customers. AB DnB NORD Bankas runs three subsidiaries: asset management firm UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas. The bank is part of Denmark-based DnB NORD banking group which was established by the Norway’s largest bank DnB NOR ASA and North Germany’s largest bank Norddeutsche Landesbank Girozentrale (NORD/LB) to serve customers in Denmark, Finland, Estonia, Latvia, Lithuania and Poland.