On 12 July 2019, there was change of face value for each bond of all bonds issued by ABLV Bank, AS in liquidation (hereinafter – the Company) carried out to EUR 0.01 applied to all bonds with face value expressed in EUR, and to USD 0.01 applied to all bonds with face value expressed in USD. Accordingly we are publishing the updated versions of final terms of all issues.
Investments
Decision on Liquidation of ABLV Capital Markets, AS
On 3 July 2019, Registry of Enterprises of the Republic of Latvia made an entry to the Commercial Register about commencement of the liquidation process of ABLV Capital Markets, AS, the subsidiary of ABLV Bank, AS in liquidation (hereinafter referred to as Capital Markets).
On Changing Face Value of Issued Bonds
Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) has made a decision to carry out change of face value for each bond of all bonds issued by the Company to EUR 0.01 applied to all bonds with face value expressed in EUR, and to USD 0.01 applied to all bonds with face value expressed in USD.
IBAS licence for rendering investment services withdrawn
Following the request from the investment brokerage company ABLV Capital Markets, IBAS, the company's licence for rendering investment services was withdrawn by the Financial and Capital Market Commission on 28 May this year.
Amendments in Relation to ABLV Mutual Funds
This is to inform that on 27 March 2019 the Financial and Capital Market Commission registered amendments to the prospectus, regulations and basic information for investors of mutual funds under management of ABLV Asset Management, IPAS that were introduced due to updating of fund performance data as well as updating of information on the Auditor and the Fund manager.
On Termination of Accounting of Discounted Value Increase of Subordinated Bonds
ABLV Bank, AS in liquidation is hereby specifying the information released on 23 April 2018 about termination of accounting of interest income and coupon disbursement under all subordinated bonds, issued by the bank, since 19 February 2018.
Amendments in Relation to ABLV Mutual Funds
This is to inform that on 5 November 2018 the Financial and Capital Market Commission registered amendments to the prospectus, regulations and basic information for investors of mutual funds under management of ABLV Asset Management, IPAS that were introduced due to choosing AS Baltic International Bank as the custodian bank for mutual funds managed by ABLV Asset Management, IPAS.
On Procedure of Redemption of Bonds issued by ABLV Bank, AS in Liquidation
On 12 June 2018, the Financial and Capital Market Commission approved the decision of the meeting of shareholders of ABLV Bank, AS on the voluntary liquidation, which is deemed to be the day of commencement of voluntary liquidation of the bank. Thus, all bonds of ABLV Bank, AS in liquidation shall be redeemed in accordance the orders of creditors provided by the Credit Institutions Law.
ABVL Bank, AS in Liquidation Is Redeeming only the Bonds in its Ownership Issued by It
On 26 June 2018, Liquidation Committee of ABLV Bank, AS in Liquidation made a decision to redeem the bonds issued by the bank, which were unsold under initial placement and purchased on the market and which are in ownership of the company in liquidation. The redemption of the bonds is going to take place on 4 July 2018.
Premature Redemption of Bonds in Ownership of ABLV Bank, AS in Liquidation
On 26 June 2018, Liquidation Committee of ABLV Bank, AS in Liquidation (hereinafter – the Company in Liquidation) made a decision to redeem the following bonds issued by the Company in Liquidation, which are in ownership of the Company in Liquidation: