By Susanna Moon
Chicago, Feb. 18 - ABLV Bank, AS said it issued 1.975% two-year bonds at par in two tranches, one for $75 million and the other for €20 million. The deal was announced Dec. 6.
The dollar bonds were upsized from $50 million, due to demand, according to a bank press release.
ABLV Bank announced on Dec. 6 the subscription period for the bonds, which would run from Dec. 16 until Feb. 11.
As already announced, the bank began the gradual replacement of long-term deposits with bonds at the end of 2011. It has 17 bond issues included in the Nasdaq OMX Riga.
ABLV is a private bank based in Latvia.
| Issuer: | ABLV Bank, AS
|
| Issue: | Bonds
|
| Amount: | $75 million, upsized from $50 million, and €20 million
|
| Maturity: | Feb. 17, 2016
|
| Coupon: | 1.975%
|
| Price: | Par
|
| Yield: | 1.975%
|
| Announcement date: | Dec. 6
|
| Settlement date: | Feb. 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
