BIB: Baltic International Bank will issue new bond series
After the primary placement, the bonds will be admitted to the regulated market. The bonds will be quoted on the Nasdaq Baltic Bond List by Nasdaq Riga.
The goal of the Bank's Bonds issue is to provide to the Bank's customers an moredern financial product which is a more rewarding and flexible alternative to deposits. It is an option to diversify one's investment portfolio and get involved in the Bank's development.
Bonds offer series features:
USD 2 900 000 (BIB 2.1% 04/12/17 USD)
Total size of the Bonds issue | USD 2 900 000 |
Nominal value of a Bond | USD 1 000 |
Type and size of interest rate | Fixed: 2.10 % |
Interest Income period | 6 months |
Price at primary placement | 100% |
Issue date | 4 December 2015 |
Bonds maturity date | 4 December 2017 (2 years) |
EUR 1 000 000 (BIB 1.8% 04/12/17 EUR)
Total size of the Bonds issue | EUR 1 000 000 |
Nominal value of a Bond | EUR 1 000 |
Type and size of interest rate | Fixed: 1.80 % |
Interest Income period | 6 m?ne?i |
Price at primary placement | 100% |
Issue date | 4 December 2015 |
Bonds maturity date | 4 December 2017 (2 years) |
The both bond issues (BIB 2.1% 04/12/17 USD, BIB 1.8% 04/12/17 EUR) will open for subscription on 26 November 2015 and close on 2 December 2015.
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