By Jennifer Chiou
New York, Feb. 26 - ABLV Bank, AS announced the issue of €20 million of 1.675% bonds due 2015 and $50 million of 1.7% bonds due 2015 at par under its second bond issue program.
According to a bank news release, the bonds were purchased by 35 customers, and the issues will be also included in Nasdaq OMX Riga.
Chief executive officer Ernests Bernis said that the bank will have 149 million Latvian lats of outstanding bonds with these offerings.
The bank announced plans to issue the above bonds along with $20 million of discount bonds due 2023 at 80.051% of par in January.
ABLV is an independent private bank based in Riga, Latvia.
| Issuer: | ABLV Bank, AS
|
| Issue: | Bonds
|
| Amounts: | €20 million, $50 million
|
| Announcement date: | Jan. 18
|
| Settlement date: | Feb. 25
|
|
|
| Euro-denominated bonds
|
| Amount: | €20 million
|
| Maturity: | Feb. 25, 2015
|
| Coupon: | 1.675%
|
| Price: | Par
|
|
|
| Dollar-denominated bonds
|
| Amount: | $50 million
|
| Maturity: | Feb. 25, 2015
|
| Coupon: | 1.7%
|
| Price: | Par
|
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