By Susanna Moon
Chicago, June 27 - ABLV Bank, AS said it issued $20 million and €20 million of 10-year bonds at 81.0362% of par in two tranches.
For each issue, the bank placed 200,000 bonds with a face of $100 or €100 per respective dollar or euro tranche.
The coupon for the subordinated bonds will be 4¼% for the first five years and then will step up to 6% after that, according to a company press release.
The dollar bonds were acquired by 12 customers of the bank and the euro bonds by 36 customers, the release noted.
The bank said on June 20 that it also issued at par $50 million of 1.725% two-year bonds and €20 million of 1.725% two-year bonds.
The bank announced plans on May 17 to issue the bonds in four tranches.
ABLV is an independent private bank based in Riga, Latvia.
| Issuer: | ABLV Bank, AS
|
| Issue: | Bonds
|
| Amounts: | €20 million, $20 million
|
| Maturity: | June 27, 2023
|
| Coupon: | 4¼% initially, stepping up to 6% on June 28, 2018
|
| Price: | Par
|
| Yield: | 4¼% initially, stepping up to 6% on June 28, 2018
|
| Announcement date: | May 17
|
| Settlement date: | June 27
|
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