SEB Bank Reports Regarding Cancellation of Bond Issue
OREANDA-NEWS. March 20, 2014. SEB Bank resolved to cancel the issue of bonds “SEB Emerging Markets Currencies 2” linked to the basket of exchange rates pairs – euro and Mexican peso, euro and Polish Zloty, euro and Singapore dollar, which are all equally weighted in the basket.
Due to disturbances in Ukraine as well as the tension in emerging markets, said bonds did not attract investors’ attention.
The total nominal value of the bond issue is lower than that established in the Final Terms of the bond issue; therefore, SEB Bank announces that the bond issue is deemed unfulfilled and cancelled.
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