ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, February 18, 2016, 12:35 / Investments

On 17th of February, 2016, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 170216 (ISIN LV0000801298) and ABLV FXD EUR 170216 (ISIN LV0000801306) issued in 2014. The bonds were redeemed at 100% of the face value and at the same time last coupon payments under the bonds were made.

The abovementioned bond issues were performed on 17th of February, 2014. Their respective amount was EUR 20 million and USD 75 million at face value of the bonds. The term of the bond issues was 2 years, and those were included in Nasdaq Riga list of debt securities.

As previously reported, at the end of 2011 ABLV Bank, AS started to substitute long-term deposits with bonds. So far, we have performed 32 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in Baltic bond list of Nasdaq Riga.

More information about terms of new issues can be found at our home page www.ablv.com.