ABLV Bank Will Redeem Subordinated Bond Issue before Maturity

Riga, Latvia, November 3, 2017, 09:25 / Investments / Inside information

ABLV Bank decided to perform premature redemption of the subordinated bond issue that took place in 2012. On 17 November 2017, the bond issue ABLV SUB EUR 250622 (ISIN: LV0000800977) will be redeemed in full at the price of 100% of the face value.

The abovementioned subordinated bond issue was performed on 25 June 2012 under the Second Bond Offer Programme, and its size was EUR 5 million at face value of the bonds. The bonds’ maturity term was set to be 10 years, the discount rate was fixed during the first five years at 4.5%; starting from year 6, the fixed coupon rate of 6.00%. entered into force. These bonds are included in the Baltic Bond List of Nasdaq Riga.

The admission required to perform the redemption of bonds has been received from the European Central Bank.

As we informed earlier, the bank initiated gradual replacement of long-term deposits with bonds at the end of 2011. Including the redeemed bonds, we have performed 46 public bond issues so far. Currently, 21 bond issues are included in the Baltic Bond List of Nasdaq Riga.

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.