OREANDA-NEWS. September 18, 2013. Continuing its bond issue programme, ABLV Bank, AS will perform two new bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

The issue parameters will be as follows:

Coupon bond issue of USD 15 000 000 for the sake of raising subordinated capital
(issue name: ABLV SUB USD 231023; ISIN code: LV0000801223)

The issue size is USD 15 000 000. The number of bonds is 150 000. The face value of one bond is USD 100. Initial placement price: 100% of the face value. The issue date is 23 October 2013, and the maturity date is 23 October 2023.

Annual interest rate of subordinated bonds:

from 23 October 2013 till 22 October 2019 – fixed coupon rate of 4.25% with coupon payment twice a year;

from 23 October 2019 till 22 October 2023 – fixed coupon rate of 6.25% with coupon payment twice a year.

The bank retains the right to prematurely redeem total amount of bonds from 23 October 2018.

Subscription to the subordinated bonds will begin on 12 September 2013 and will last till 17 October 2013.

Coupon bond issue of USD 50 000 000

(issue name: ABLV FXD USD 161015; ISIN code: LV0000801215)

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: 1.90% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 16 October 2013, and the maturity date is 16 October 2015.

Subscription to the coupon bond issue will begin on 12 September 2013 and will last till 10 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 EUR 350 million in total.