ABLV Bank Successfully Accomplished Regular Bond Issues

Riga, Latvia, November 1, 2016, 08:38 / Investments

Under the bond issue programme, ABLV Bank has performed two new coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value, as well as a new subordinated discount bond issue of the total size amounting to EUR 20 million at face value. During initial placement, the bonds were acquired by more than 110 investors.

The issues were performed under the Sixth Bond Offer Programme, and the bonds are planned to be included in the regulated market — Baltic Bond List of Nasdaq Riga — on 1 November 2016.

The parameters of the issues:

  • Coupon bond issue of USD 75 000 000
    (issue name: ABLV FXD USD 311018; ISIN: LV0000802163)

The issue size is USD 75 000 000. The number of bonds is 75 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 1.85% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 31 October 2016, and the maturity date is 31 October 2018.

  • Coupon bond issue of EUR 20 000 000
    (issue name: ABLV FXD EUR 311018; ISIN: LV0000802171)

The issue size is EUR 20 000 000. The number of bonds is 20 000. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 0.70% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 31 October 2016, and the maturity date is 31 October 2018.

  • Subordinated discount bond issue of EUR 20 000 000
    (issue name: ABLV SUB EUR 311026; ISIN: LV0000802189)

The issue size is EUR 20 000 000. The number of bonds is 200 000. The face value of one bond is EUR 100. The annual interest rate: from 31 October 2016 until 31 October 2021 discount rate: fixed, 3.75%, calculated twice a year; from 1 November 2021 until 31 October 2026 coupon rate: fixed, 3.75%, with coupon payment twice a year. Initial placement price: 83,047% of the face value. The issue date is 31 October 2016, and the maturity date is 31 October 2026. The bank is entitled to early redemption starting from 31 October 2021.

Taking into account the already redeemed bonds, we have performed 39 public bond issues so far. Currently, 19 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 86.55% 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; 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.