OREANDA-NEWS. Nasdaq (Nasdaq: NDAQ) announces that three bond series issued by Baltic International Bank will be listed on the Baltic Bond List by Nasdaq Riga on August 12.

All three bond series are a part of Baltic International Bank’s EUR 10 million bond program. Program includes a USD 2.1 million issue (with a nominal value of a bond of USD 1,000, fixed 1.6% coupon paid out twice a year, one-year maturity), a USD 2.3 million bond issue (with a nominal value of a bond of USD 1,000, fixed 2.1% coupon paid out twice a year, two-year maturity), and a EUR 2.25 million bond issue (with a nominal value of a bond of EUR 1,000, fixed 1.8% coupon paid out twice a year, two-year maturity).
 

“The Baltic corporate bond market has shown a considerable upturn in activity over the last year,” said Daiga Auzi?a-Melalksne, Head of Exchange Services at Nasdaq Baltic. “This has resulted both in an increased interest in public listing and in actual listings as well. We are glad to see that Baltic International Bank values the benefits the public market provides.”

Baltic International Bank was founded in Latvia in 1993 and offers private banking services tailored to the private and business interests of affluent families. The bank has its representative offices in London, Moscow and Kiev.

“The issue of the bonds that will be listed on the Baltic Bond list is organized according to our development strategy and expands investment product array for our customers”, said Ilona Gu??aka, Chairman of the Management Board at Baltic International Bank. “The listings provide our clients an opportunity to diversify their portfolios with higher yielding alternatives for regular bank deposits. At the same time, issuing bonds enables us to attract capital for expansion and develop new lines of business.”

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