AS “Citadele banka” plans to issue new senior preferred unsecured bonds. The purpose of the issuance is to supplement and refinance the stock of eligible liabilities held in compliance with the Minimum Requirement for own funds and Eligible Liabilities (MREL). The issuance is expected to take place in the near future. Proceeds from the offer are to be used by Citadele for its general corporate purposes, which may include repurchasing of existing outstanding MREL eligible debt.

More detailed information is going to follow after the approval of the prospectus or after the determination that further disclosure is appropriate in accordance with applicable law.

About Citadele

Citadele’s, rated Baa1 (stable) by Moody’s, mission is to modernise the financial industry and offer more opportunities to private individuals and businesses throughout the Baltics. In H1 2025, Citadele issued EUR 765 million in new loans, with its total loan portfolio reaching EUR 3.5 billion, while total deposits reached EUR 4.0 billion. Alongside a modern universal banking platform, Citadele offers its clients a range of services based on next-generation financial technology, including its modern app, contactless payments and instant payments. Citadele was the first in the Baltics to introduce account opening with a selfie, payment rings and payments to mobile numbers. Citadele Bank is the Group’s parent company in Latvia, and its subsidiaries and branches operate in Latvia, Lithuania and Estonia.