Sixth ABLV Bank bond issuance programme

Riga, Latvia, April 29, 2016, 14:31 / Investments

On 26 April, 2016, the Council of the Financial and Capital Market Commission approved registration of the Base Prospectus of ABLV Bank, AS, Sixth Bond Offer Programme, allowing the bank to perform public offering of debt securities amounting to EUR 400 million or equivalent amount in USD, pursuant to the particular final terms of public offer.

According to the Base Prospectus of the Sixth Bond Offer Programme, ABLV Bank may issue both straight and subordinated bonds. The programme will be effective for 12 months. Under this programme we will specifically inform about particular bond issues, as the respective decisions are made. As previously, we are planning to include new bonds in the Baltic bond list of Nasdaq Riga in order to begin public quotation of the bonds and make them available to mutual funds and other professional investors.

We started performing public bond issues in 2011. The issues of bonds are performed in accordance with the bank’s strategic objectives – to raise sufficient financial resources available in the long term.

Taking into account the already redeemed bonds, we have performed 34 public bond issues so far. Currently, 21 bond issues are included in the Baltic bond list of Nasdaq Riga.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s major shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86.25% of the bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; ABLV Advisory Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, Limassol and New York.

Ilmārs Jargans
Head of Public Relations Department
Tel.: +371 6777 5296