OREANDA-NEWS. On 30 April 2008 was announced, that JSC Akciju komercbanka Baltikums set the coupon rate for the sixth coupon period (from May 2, 2008 till August 01, 2008) at 7.857% p.a. JSC Akciju komercbanka Baltikums credit linked notes code is ISIN LV0000800407.

According to the terms of the issue, the coupon rate is set for each interest calculation period. The coupon rate is based on 3 months EURIBOR rate, which is fixed on the coupon rate determination date, plus 3% p.a. According to Bank of Latvia, 3 months EURIBOR rate on 29 April 2008 was 4.857% p.a.