OREANDA-NEWS. September 04, 2013. ABLV Bank, AS Board decided to perform premature redemption of two subordinated bond issues that took place in 2008. On 1 October 2013, the bonds in EUR

(ISIN: LV0000800712) and USD (ISIN:LV0000800720) will be redeemed at their face value.
 
The said subordinated bond issues were performed on 1 October 2008, and their size was EUR 12.5 million and USD 20 million. The bonds’ maturity term was set to be 10 years. According to the issue provisions the bank may completely redeem the bonds before maturity starting from 1 October 2013.

As we informed earlier, the bank initiated gradual replacement of long-term deposits with bonds at the end of 2011. During this time, we have performed already 16 public bond issues, which are included in NASDAQ OMX Riga list of debt securities. The investors own ABLV Bank, AS bonds worth LVL 240 million in total.