OREANDA-NEWS. May 21, 2014. Initiating the bank’s Fourth Bond Offer Programme, ABLV Bank, AS, offers two new bond issues.

The issue parameters will be as follows:

Coupon bond issue of USD 75 000 000

(issue name: ABLV FXD USD 080716; ISIN code: LV0000801421)

The issue amount is USD 75 000 000. The number of bonds is 75 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 2.00% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 8 July 2014, and the maturity date is 8 July 2016.

Coupon bond issue of EUR 20 000 000

(issue name: ABLV FXD EUR 080716; ISIN code: LV0000801439)

The issue amount 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: 2.05% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 8 July 2014, and the maturity date is 8 July 2016.

Subscription to both bond issues will begin on 20 May 2014 and will last till 30 June 2014. The issued bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.

Previously we have performed already 20 public bond issues, including the redeemed bonds. At the moment 17 bond issues are registered in NASDAQ OMX Riga list of debt securities. Overall, investors hold ABLV Bank, AS, bonds worth EUR 427.4 million.