OREANDA-NEWS. January 18, 2013. Continuing its bond issue programme, ABLV Bank, AS will offer three more bond issues. The bonds will be issued under the bank’s Second Bond Offer Programme and admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

The issue parameters will be as follows:

Coupon bond issue of EUR 20 000 000

(issue name: ABLV FXD EUR 250215; ISIN code: LV0000801108)

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: 1.675% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 25 February 2013, and the maturity date is 25 February 2015.

Coupon bond issue of USD 50 000 000

(issue name: ABLV FXD USD 250215; ISIN code: LV0000801116)

The issue size is USD 50 000 000. The number of bonds is 50 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 1.70% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 25 February 2013, and the maturity date is 25 February 2015.

Subscription to these bonds will begin on 25 January and continue till 18 February 2013.

Discount bond issue of USD 20 000 000 for the sake of raising subordinated capital

(issue name: ABLV SUB USD 180323; ISIN code: LV0000801124)

The issue size is USD 20 000 000. The number of bonds is 200 000. The face value of one bond is USD 100. Initial placement price: 80.0510% of the face value. The issue date is 18 March 2013, and the maturity date is 18 March 2023.

Annual interest rate of subordinated bonds:

from 18 March 2013 till 18 March 2018 – fixed discount rate of 4.5% calculated twice a year, without coupon payment;

from 19 March 2018 till 18 March 2023 – fixed coupon rate of 6.0% with coupon payment twice a year.

Subscription to these bonds will begin on 25 January and continue till 11 March 2013.

Subscription to these bonds will begin on 25 January 2013. These bond issues are a continuation of gradually substituting long-term deposits with investments in bonds that we initiated in 2011. Investments in bonds allow customers to receive higher income than that under deposits and also ensure wider transaction opportunities — those can be purchased, sold or used as collateral to obtain financing, meanwhile retaining the investment amount and planned yield.

We have already performed 9 bond issues earlier. Under the First Bond Offer Programme, there were 3 issues performed in 2011, and their face value amounted to EUR 25 million and USD 30 million. Whereas under the Second Bond Offer Programme, there were 6 issues performed already, and their face value amounted to EUR 20 million and USD 145 million.

The Final Terms of bond issue you can find at our home page www.ablv.com.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s majority shareholders — Olegs Fils, Ernests Bernis and Nika Berne – directly and indirectly hold 86% of the bank's voting shares. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.