OREANDA-NEWS. February 10, 2010. Baltikums Banka has redeemed the third issue bonds. Previously, the Bank successfully redeemed the first and second bond issues, as well as the first in Latvia issue of credit-linked bonds, reported the press-centre of Baltikums Banka.

Baltikums Banka positions itself as a stable issuer whose bonds are attractive for investors.

Investors showed high interest in the Bank’s issued bonds. Most investors represented the Baltic States; ? of the issue volume were purchased by institutional investors (pension and investment funds, banks, and insurance companies) and ? - by private investors.

The Bank directed the funds obtained from the bond issue to finance trade and to finance and service shipping companies.

Investors who purchased the Bank’s bonds receive stable and regular income from them. The Bank’s bonds have stable business prospects in future improving the Bank’s competitive advantages in the chosen niches of Corporate Banking and Private Banking. The financial results achieved by Baltikums Banka prove that the Bank has been successfully implementing its potential in providing services to companies and high net worth individuals.

Baltikums Banka allows for possibilities of new bond issues in future depending on the situation on financial markets and customer demand for financing promising projects.

The interest rate fixed by the Bank of Latvia is 1 EUR = 0.702804 LVL.

Baltikums Banka is a member of the Latvian banking group Baltikums Bankas Grupa and by 100% belongs to Latvian companies – family holdings of the group’s shareholders. The objective of Baltikums Banka is to join leading independent private banks in the European Union by providing modern and sought after banking products, services and solutions aimed at facilitating business and at keeping and growing wealth of our customers.