Entry of Accounted, But Not Disbursed Coupons Accounting for Owners of Straight Bonds Issued by ABLV Bank, AS

Riga, Latvia, June 15, 2018, 17:56 / Investments

According to the Liquidation Plan approved by the Financial and Capital Market Commission, ABLV Bank, AS, the bank in liquidation, has made a decision:

  •  As of 23.59 of 12 June 2018 to suspend interest accrual for the straight bonds issued by ABLV Bank, AS;
  • To carry out entry of the accounted, but not disbursed amount of coupon of the straight bonds issued by ABLV Bank, AS as at 23.59 of 12 June 2018 to a separate account.

On 14 June 2018, there was an entry of the accounted, but not disbursed coupon amount carried out to a separate account for all holders of the straight bonds issued by ABLV Bank, AS, based on the following conditions:

ISIN

Series (Programme)

Coupon Period

Coupon rate

LV0000802072

ABLV FXD USD 110718

11.01.2018 – 12.06.2018

1.85%

LV0000802080

ABLV FXD EUR 110718

11.01.2018 – 12.06.2018

0.70%

LV0000802163

ABLV FXD USD 311018

30.04.2018 – 12.06.2018

1.85%

LV0000802171

ABLV FXD EUR 311018

30.04.2018 – 12.06.2018

0.70%

LV0000802239

ABLV FXD USD 270219

27.02.2018 – 12.06.2018

2.25%

LV0000802247

ABLV FXD EUR 270219

27.02.2018 – 12.06.2018

0.75%

LV0000802270

ABLV FXD USD 030719

03.01.2018 – 12.06.2018

2.25%

LV0000802288

ABLV FXD EUR 030719

03.01.2018 – 12.06.2018

0.75%

LV0000802320

ABLV FXD USD 271019

27.04.2018 – 12.06.2018

2.15%

LV0000802338

ABLV FXD EUR 271019

27.04.2018 – 12.06.2018

0.95%

The accounted, but not disbursed bond coupon amounts are entered to the specially opened client accounts “ABLV FXD bond coupon payments” with ABLV Bank, AS. At the moment of entry of the coupon amount, the bank has withheld the income tax in accordance with the provisions of the Law On Personal Income Tax and the Law On Enterprise Income Tax.

For the investors holding their bonds with other securities custodians (not ABLV Bank, AS) the bank has carried out entry of the accounted, but not disbursed coupon amounts to the specially opened accounts in the bank’s accounting system.

The bondholders will be able to receive their funds under the procedure of satisfying the creditors’ claims in accordance with the provisions of the Law of the Republic of Latvia On Credit Institutions.