ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, October 31, 2016, 11:44 / Investments

On October 28, 2016, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 281016 (ISIN LV0000801504) and ABLV FXD EUR 281016 (LV0000801512) issued in 2014. The bonds were redeemed at 100% of the face value, and at the same time last coupon payments under these bonds were made.

The abovementioned bond issues were performed on October 28, 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 they were included in the 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 36 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in the Nasdaq Riga list of debt securities..

More information about bonds can be found on our home page www.ablv.com.