On 20 August 2018, the Liquidation Committee of ABLV Bank, AS in liquidation (hereinafter – the Company) made a decision that as of 25 September 2018 it shall be determined that the initial currency, the USD, of the bonds of ABLV Bank, AS in liquidation, namely, ABLV FXD USD 030719 (ISIN: LV0000802270), ABLV FXD USD 271019 (ISIN: LV0000802320) and ABLV SUB USD 171127 (ISIN: LV0000802361), issued under the Base Prospectus of Seventh Bond Offer Programme, shall be redenomination to EUR.  

The conversion of the bond issue currency shall be carried out for successful fulfilment of liabilities to the creditors in accordance with the approved voluntary liquidation plan. The Company continues managing the risks attributable to its operation, including the currency risk.  

In accordance with the Base Prospectus of the Seventh Bond Offer Programme, the Company is entitled to carry out such amendments to the bond issues. For now, the currency of other bonds issued by the Company in USD shall not be changed – it will remain in USD.  

As reported earlier, on 12 June 2018 the accumulation of coupon to the straight bonds issued by the Company was suspended, thus the redenomination of the currency of the abovementioned bond issues to EUR applies also to the accounted, but not disbursed coupons.  

The redenomination of the initial currency of the bond issue to EUR does not affect the process of lodging the creditors’ claims – the clients are welcome to lodge their claims indicating the face value and the currency of the bonds that they had at the moment of filing the application. It also applies to the accounted, but not disbursed coupon.  

Please be reminded that the claims of the creditors are being accepted by 18 September 2018.  

         Artūrs Eglītis
         ABLV Group Communications Leader
         ABLV Bank, LAS
         Tel.: +371 6700 2454
         e-mail: arturs.eglitis@ablv.com