By Toni Weeks
San Luis Obispo, Calif., Jan. 9 – ABLV Bank, AS said it will open the subscription period on Jan. 15 for two new bond issues totaling $75 million and €20 million under its fourth bond offer program, according to a notice.
The $75 million tranche has a two-year maturity and priced at par with a coupon of 2.2%. The €20 million bonds also have a two-year maturity and priced at par with a coupon of 1.8%.
The subscription period will end on Feb. 16.
ABLV said since the end of 2011, it has performed 25 public bond issues, including the redeemed bonds. Currently, 19 bond issues are included in the Nasdaq Baltic list of debt securities.
ABLV, based in Riga, Latvia, is the largest independent private bank in Latvia.
| Issuer: | ABLV Bank, AS
|
| Issue: | Coupon bonds
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| Maturity date: | Feb. 23, 2017
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| Announcement date: | Jan. 9
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| Subscription period: | Jan. 15 to Feb. 16
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| Settlement bank: | Feb. 23
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| Dollar coupon bonds
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| Issue: | Coupon bonds
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| Amount: | $75 million
|
| Coupon: | 2.2%
|
| Price: | Par of $1,000
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| Yield: | 2.2%
|
|
|
| Euro coupon bonds
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| Issue: | Coupon bonds
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| Amount: | €20 million
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| Coupon: | 1.8%
|
| Price: | Par of €1,000
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| Yield: | 1.8%
|
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