OREANDA-NEWS. ABLV Bank, AS, will perform three new bond issues under the Fifth Bond Offer Programme, and the bonds will be admitted to the regulated market – Baltic bond list of Nasdaq Riga.

The parameters of the issues are stated below.

Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 261017; ISIN: LV0000801850)
The issue size 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: 1.65% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 26th of October, 2015, and the maturity date is 26th of October, 2017.

Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 261017; ISIN: LV0000801868)
The issue size 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: 0.80% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 26th of October, 2015, and the maturity date is 26th of October, 2017.

Discount bond issue of EUR 20 000 000 with a purpose of raising subordinated capital
(issue name: ABLV SUB EUR 261025; ISIN: LV0000801835)
The issue size is EUR 20 000 000. The number of bonds is 200 000. The face value of one bond is EUR 100. Initial placement price: 83.047% of the face value. The issue date is 26th October 2015, and the maturity date is 26th October 2025. The bank may redeem these bonds before maturity starting from 26th of October, 2020.

Annual interest rate of subordinated bonds:

  • from 26th of October,2015 till 26th of October, 2020 – fixed discount year of 3.75%;
  • from 27th of October, 2020 till 26th of October, 2025 – fixed coupon rate of 3.75% with coupon payment twice a year.

The subscription to all of the abovementioned bond issues will begin on 17th of September, 2015 and will last till 19th of October, 2015.