ABLV Bank, AS redeemed two coupon bond issues

Riga, Latvia, February 22, 2018, 18:11 / Investments / Inside information

On February 22, 2018, ABLV Bank, AS redeemed straight coupon bonds ABLV FXD USD 220218 (ISIN LV0000801991) and ABLV FXD EUR 220218 (ISIN LV0000802007) issued in 2016. The bonds were redeemed at 100% of the face value, and at the same time last coupon payments under these bonds were made. 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 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.

To investors holding their bonds with other securities custodians (not ABLV Bank, AS) the Bank has carried out disbursement of principal amount and coupon payments of the bonds in the ABLV Bank, AS accounting system. These funds – about 0.6% of the total amount – shall be transferred to the investors as soon as the restrictions on debit operations introduced on 19 February 2018 will be cancelled.

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