Ukio Bankas Issues Fixed-Rate Bond Issue in Euro
OREANDA-NEWS. From 22 January to 19 February of this year Ukio bankas will offer medium-term (369 days) bonds in euro with the fixed annual return of 5 percent. The nominal value of one bond is EUR 100. The accrued interest will be paid at maturity, i. e. on 24 February 2011, reported the press-centre of Ukio Bankas.
“Bonds, as one the most reliable methods of saving, is a perfect alternative to the investor who does not tend to assume big risk in the currently changeable situation. The bonds issued by the Bank ensure the payment of the annual interest of 5 percent to the client upon keeping them to the set maturity, and upon using the possibility of early redemption – the payment of interest accrued before the redemption date,” Marius Arlauskas, director of Ukio bankas Financial Institutions and Fund Raising Department, said.
Offering of Ukio bankas bonds will be conducted in all Bank’s branches and units. The quickest and simplest way of acquiring them will be by using the electronic banking system Eta bankas. More information on the bond issue and the potential investment risk is available in the Bond Prospectus and Final Terms and Conditions at Ukio bankas branches and units or on the Bank’s website www.ub.lt.
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