Published on 10/23/2013 in the Prospect News Emerging Markets Daily.
New Issue: Latvia's ABLV Bank sells $15 million 10-year bonds with 4¼% start rate
By Susanna Moon
Chicago, Oct. 23 - ABLV Bank, AS issued $15 million of subordinated bonds at par with a coupon of 4¼% initially, stepping up to 6¼% on Oct. 23, 2019.
The bonds were purchased by 26 customers of the bank, according to a press release.
The 10-year bonds will be callable beginning Oct. 23, 2018.
ABLV is a private bank based in Latvia.
| Issuer: | ABLV Bank, AS
|
| Issue: | Bonds
|
| Amount: | $15 million
|
| Maturity: | Oct. 23, 2023
|
| Coupon: | 4¼%, stepping up to 6¼% on Oct. 23, 2019
|
| Price: | Par
|
| Call option: | After five years
|
| Settlement date: | Oct. 23
|
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