ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, October 26, 2017, 16:36 / Investments

On October 26, 2017, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 261017 (ISIN LV0000801850) and ABLV FXD EUR 261017 (ISIN LV0000801868) 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. Coupon payments were transferred to clients’ cash accounts. At the moment of coupon payment, income tax was withheld by the bank in accordance with the Law on Enterprise Income Tax and the Law on Personal Income Tax.

The abovementioned bond issues were performed on October 26, 2015. 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 43 public bond issues, including the redeemed bonds. Currently, 20 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.