By Marisa Wong
Los Angeles, Nov. 29 Siauliu Bankas AB completed a tap issue of 85 million 1.047% senior preferred bonds due Oct. 7, 2025, according to a Tuesday press release.
This increases the total issue size to 160 million. The bank priced the original 75 million of bonds in September 2021.
The tap issue was placed with a yield to maturity of 6.4%.
The bank said the bonds were issued with the aim of meeting future minimum requirement for own funds and eligible liabilities set by its supervisory authorities.
The add-on bonds were issued under the Siauliu, Lithuania-based lenders 250 million euro medium-term note program.
The commercial bank is based in Siauliu, Lithuania.
| Issuer: | Siauliu Bankas AB
|
| Amount: | 85 million
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| Issue: | Senior preferred bonds, tap issue
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| Maturity: | Oct. 7, 2025
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| Coupon: | 1.047%
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| Yield: | 6.4%
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| Announcement date: | Nov. 29
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| Settlement date: | Dec. 6
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| Listing: | Nasdaq Baltic
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| Total issuance: | 160 million, including 75 million priced September 2021
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