ABLV Bank, AS Redeems Two Coupon Bond Issues with a Total Volume of Approximately 80 mln EUR

Riga, Latvia, February 21, 2018, 15:46 / Investments

On February 22, 2018, ABLV Bank, AS will perform planned redemption of straight coupon bonds ABLV FXD USD 220218 (ISIN LV0000801991) and ABLV FXD EUR 220218 (ISIN LV0000802007) issued in 2016. The bonds will be redeemed at 100% of the face value, and at the same time last coupon payments under these bonds will be made. At the moment of coupon payment, income tax will be 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 February 22, 2016. 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.

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