On February 23, 2017, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 230217 (ISIN LV0000801645) and ABLV FXD EUR 230217 (ISIN LV0000801652) issued in 2015. The bonds were redeemed at 100% of the face value, and at the same time last coupon payments under these bonds were made.
News and Reviews
On 22nd of February, 2017, coupons under ABLV FXD USD 220218 (LV0000801991) and ABLV FXD EUR 220218 (LV0000802007) bonds were paid out according to the following parameters:
On 13–14 March, annual international conference and exhibition Intax Expo Russia 2017 will take place in Moscow. The event is intended for professionals in the fields of corporate finance, estate planning, and international tax structuring.
RAEX Rating Agency (Expert RA) will not further assign creditworthiness ratings to the banks not licensed by the Bank of Russia
RAEX (Expert RA) ceases to apply methodology for assigning creditworthiness ratings to the banks not licensed by the Bank of Russia for performing banking operations.
The ABLV group company New Hanza Capital, AS, which makes investments in commercial property, acquired 30% capital shares of the alternative mutual fund management company SIA “SG Capital Partners AIFP”. Therefore, ABLV Bank, AS acquired indirect qualifying holdings in the said company.
Given the lack of significant events and news, in January situation on the global equity market was fairly calm with a touch of positive mood. The market participants expected Donald Trump’s inauguration and his first actions as a US president. It is obvious that inauguration is a mere formality, though in case with Trump everyone was greatly interested whether he would keep his campaign promises or not.
2016 for Pillar, a real estate group, was marked by a new stage of development — i. e., the construction of New Hanza City, as well as the continuing sale of the property portfolio. In general, Pillar concluded more than 200 sales transactions for the total of EUR 12.9 million in 2016. In the past year, the real estate property portfolio diminished to 245 properties.
On 1 February, “Immer Digital’’ has opened its flexible packaging material factory in Ventspils. The factory is the largest factory of such type in Northern Europe. The project attracted financing exceeding EUR 5m, almost part of it being granted by ABLV Bank, while the remaining part — private equity and co-financing of Development Finance Institution “Altum”.
SIA “Vaiņodes Bekons”, a subsidiary of AmberStone Group, AS holding company, disposed of all its SIA “IZ SPV” capital shares (100%).
On 26 January this year, Nasdaq stock exchange announced the winners of Baltic Market Awards 2016. For the first time, the best three Baltic bond issuers in terms of investor relations were named — ABLV Bank was one of them.