Teksts
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On 23 April, 2014, the Council of the Financial and Capital
Market Commission approved registration of the Base Prospectus of
ABLV Bank, AS, Fourth Bond Offer Programme, allowing the bank to
perform public offering of debt securities amounting to EUR
400 million or equivalent amount in USD, pursuant to the
particular final terms of public offer.
According to the Base Prospectus of the Fourth Bond Offer
Programme, ABLV Bank may issue both straight and subordinated
bonds. The programme will be effective for 12 months. Under this
programme we will specifically inform about particular bond issues,
as the respective decisions are made. As previously, we are
planning to include new bonds in NASDAQ OMX Riga list of debt
securities in order to begin public quotation of the bonds and make
them available to mutual funds and other professional
investors.
We started performing public bond issues in 2011. The issues of
bonds are performed in accordance with the bank’s strategic
objectives – to raise sufficient financial resources available in
the long term. Diversification of sources of funding is considered
to be an efficient way of achieving this objective, and this means
raising financial resources not just in the form of the customers’
deposits, but also by issuing bank’s debt securities – bonds.
At the same time, investments in bonds allow our customers to
receive higher income than that under deposits and also ensure
wider transaction opportunities — bond coupons can be purchased,
sold or used as collateral to obtain financing, meanwhile retaining
the investment amount and planned yield.
Taking into account the already redeemed bonds, we have performed
20 public bond issues so far. Currently, 17 bond issues are
included in the NASDAQ OMX Riga list of debt securities. The
investors own ABLV Bank, AS, bonds worth more than EUR 427.4
million in total.
ABLV Bank, AS, is the largest independent private bank in
Latvia. The bank’s major shareholders — Oļegs Fiļs, Ernests Bernis
and Nika Berne – directly and indirectly hold 86% of the bank's
voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank
Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset
Management, IPAS; Pillar Holding Company, KS; ABLV Consulting
Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA,
and other companies. ABLV Group has representative offices in
Moscow, St. Petersburg, Yekaterinburg, Vladivostok, Kiev, Odessa,
Minsk, Almaty, Dushanbe, Baku, Tashkent, and Limassol.
Ilmārs
Jargans
Head of
Public Relations Department
ABLV Bank,
AS
Tel.:
+371 6777 5296
e-mail:
ilmars.jargans@ablv.com
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