Baltic International Bank Announced Debut Bond Issue
OREANDA-NEWS. We are pleased to announce that the opening of the public subscription of our first-issue bonds is set for 15 October. Initially, there will be four EUR- and USD- denominated issues maturing in 1 to 2 years (1-Year Maturity and 2-Year Maturity Bonds). The total amount of the bond issue is EUR 20 million.
The purpose of the bond issue is to roll out a modern financial product that offers higher yields and is a more flexible alternative to deposits. Besides higher rates of return, the bonds give our customers a vast range of opportunities (to carry out trading transactions, apply for bond-secured loans).
“The bond issue is the next step in the continuous process aimed at expanding our product array and providing new investment solutions. The bond subscription will allow our customers to diversify their investments and enable them to contribute to Bank's development,” said the Chairperson of Bank's Board Ilona Gulchak.
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