Continuing its bond issue programme, ABLV Bank, AS will perform four new bond issues. The issues will be performed under the Third Bond Offer Programme, and the bonds will be admitted to the regulated market – NASDAQ OMX Riga list of debt securities.
On 9 May 2013, the Council of the Financial and Capital Market Commission (FCMC) approved registration of the Base Prospectus of ABLV Bank, AS, Third Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to LVL 200 000 000 or equivalent amount in EUR or USD.
The first four months of 2013 have been successful for open-end mutual funds managed by ABLV Asset Management, IPAS, and as at the end of April this year the total value of their assets exceeded EUR 75 million. Currently, 6 mutual funds are available to our customers, including 4 bond funds and 2 stock funds.
In April, after things in Cyprus have calmed down, major global stock markets resumed living their own lives, and dynamics of stock indexes of particular countries were mostly determined by internal factors.
The European Central Bank decided form 8 May 2013 to cut the interest rate in the eurozone by 0.25 percent points to the level of 0.50%.
On the 2nd of May this year, changes in the rates and charges “Brokerage Services” will become effective. Commission for participation in corporate events following the customer order has been introduced.
In March, as well as in February, the global stock market showed the mixed dynamic. In the first half of the month, positive sentiment dominated on most of the major financial markets, and the stock indices dynamic of individual countries was determined mostly by internal factors. However, in the middle of the month the general central theme appeared - Cyprus, whose government was trying to avoid bankruptcy and interrupted operations of the country’s banking system for two weeks. The news from Cyprus caused a wave of anxiety and prompted most of investors to get rid of risky assets.
Continuing gradual replacement of long-term deposits with bonds, we performed another bond issue under ABLV Bank, AS Second Bond Offer Programme. This time, we issued discount bonds for raising subordinated capital to the amount of USD 20 million.
In February, the global stock market showed the mixed dynamic. While in January everything was bought everywhere, in February the major financial markets began to live its separate lives, and the dynamic of the indexes of different countries was mainly determined by internal factors.
Continuing gradual replacement of long-term deposits with bonds, ABLV Bank, AS performed another bond issue under the Second Bond Offer Programme. This time, there were straight bonds worth USD 50 million and EUR 20 million issued.