Published on 5/15/2015 in the Prospect News Emerging Markets Daily.
New Issue: Latvia’s ABLV plans $75 million 1.55% bonds, €20 million 0.8% bonds
By Susanna Moon
Chicago, May 15 – ABLV Bank, AS said it will issue $75 million of 1.55% two-year bonds and €20 million of 0.8% two-year bonds.
The subscription to bond issues will run from May 21 until June 29.
The bonds will be issued under the fifth bond offer program, according to a bank press release.
ABLV is an independent private bank based in Riga, Latvia.
| Issuer: | ABLV Bank, AS
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| Issue: | Bonds
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| Amounts: | $75 million, €20 million
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| Maturity: | July 7, 2017
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| Announcement date: | May 15
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| Settlement date: | July 7
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| $75 million tranche
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| Coupon: | 1.55%
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| €20 million tranche
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| Coupon: | 0.8%
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