By Susanna Moon
Chicago, Sept. 14 – ABLV Bank, AS said it priced three bond issues, $75 million and €20 million of two-year bonds and €20 million of 10-year subordinated bonds.
The $75 million tranche priced at par with a coupon of 1.65%.
The €20 million bonds also priced at par and have a coupon of 0.8%.
The subordinated tranche was structured as a discount bond and was priced at 83.047. For the first five years, there will be fixed discount of 3¾% and, for the next five years, there is a fixed coupon rate of 3¾%.
The subscription will begin Sept. 17 and run through Oct. 19, according to a bank notice.
ABLV is based in Riga, Latvia.
| Issuer: | ABLV Bank, AS
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|
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| Dollar coupon bonds
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| Issue: | Coupon bonds
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| Amount: | $75 million
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| Maturity: | Oct. 26, 2017
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| Coupon: | 1.65%
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| Price: | Par
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| Yield: | 1.65%
|
| Settlement date: | Oct. 26
|
|
|
| Euro coupon bonds
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| Issue: | Coupon bonds
|
| Amount: | €20 million
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| Maturity: | Oct. 26, 2017
|
| Coupon: | 0.8%
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| Price: | Par
|
| Yield: | 0.8%
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| Settlement date: | Oct. 26
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|
|
| Subordinated discount bonds
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| Issue: | Subordinated discount bonds
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| Amount: | €20 million
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| Maturity: | Oct. 26, 2025
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| Coupon: | From Oct. 26 until Oct. 26, 2020 fixed discount of 3¾%, after that, fixed coupon rate of 3¾%
|
| Price: | 83.047
|
| Settlement date: | Oct. 26
|
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