ABLV Bank Successfully Issues Bonds

Riga, Latvia, October 27, 2017, 14:33 / Investments / Inside information

Under the bond issue programme, ABLV Bank, AS has performed two new coupon bond issues, their total size amounting to USD 75 million and EUR 20 million at face value, and one new subordinated discount bond issue of its total size amounting to EUR 25 million at face value.

During initial placement, the bonds were acquired by more than 150 investors. The issues were performed under the Seventh Bond Offer Programme, and the bonds are planned to be included in the regulated market — Baltic bond list of Nasdaq Riga — on 30 October 2017.

Parameters of the issues:
Coupon bond issue of USD 75 000 000
(issue name: ABLV FXD USD 271019; ISIN: LV0000802320)

Issue size: USD 75 000 000. Number of bonds: 75 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 2.15% with coupon payment twice a year. Initial placement price is 100% of the face value. The issue date is 27 October 2017, and the maturity date is 27 October 2019.

Coupon bond issue of EUR 20 000 000
(issue name: ABLV FXD EUR 271019; ISIN: LV0000802338)

Issue size: 20 000 000 EUR. Number of bonds: 20 000. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 0.95% with coupon payment twice a year. Initial placement price is 100% of the face value. The issue date is 27 October 2017, and the maturity date is 27 October 2019.

Discount bond issue of EUR 25 000 000 EUR for the sake of raising subordinated capital
(issue name: ABLV SUB EUR 271027; ISIN: LV0000802346)

Issue size: 25 000 000 EUR. Number of bonds: 250 000. The face value of one bond is EUR 100. Initial placement price is 83.047% of the face value. The issue date is 27 October 2017, and the maturity date is 27 October 2027. The bank may redeem these bonds before maturity starting from 27 October 2022. Annual interest rate of subordinated bonds:

  • from 27 October 2017 until 27 October 2022 — fixed discount rate of 3.75%;
  • from 28 October 2022 until 27 October 2027 — fixed coupon rate of 3.75% with coupon payment twice a year.

The Bank’s public bond issue programme was started in 2011, and under it we have executed already 46 public bond issues their total size amounting to EUR 1.45 billion at face value.

This announcement contains inside information.

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 87.03% 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; Pillar Development, SIA, and other companies. ABLV Consulting Services has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, and Limassol.