TRASTA KOMERCBANKA Issues Bonds for EUR 5 mn
OREANDA-NEWS. October 28, 2014. AS "TRASTA KOMERCBANKA" will launch its first issue of bonds within the scope of the public offer programme worth EUR 10 million and will issue subordinated bonds in the amount of EUR 5 million. The bonds will be included in the debt securities list of NASDAQ OMX Riga.
The parameters of the issue are as follows:
volume of the issue - EUR 5 000 000;
quantity of bonds - 5000;
nominal value of a bond EUR 1000;
maturity of bonds - 7 years;
annual interest rate is fixed - 6,5%, interest payments twice a year;
initial placement price is 100% of the nominal value.
The settlement date is December 4, 2014, the maturity date – December 4, 2021.
The Bank will have the right to redeem the Bonds pre-maturely, but not before December 4, 2019.
The public offer will begin on October 27, 2014, and will close on November 28, 2014.
The funds raised will be used to increase the Issuer’s subordinated capital.
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