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JSC “Akciju komercbanka “Baltikums”” will carry out an issue of credit linked notes
Emitents Akciju komercbanka ''Baltikums'', AS
Veids Būtiski notikumi
Valoda EN
Statuss Publicēts
Versija
Datums 2007-08-29 16:49:04
Versijas komentārs
Teksts The Board of JSC “Akciju komercbanka” Baltikums”” (hereinafter - the Bank) made a decision to make an initial offering of debt securities (notes) linked to a loan to the customer with the following terms:
  - total amount of the issue - up to LVL 500 000.00 (five hundred thousand lats) (EUR 711 435.91*); 
  - max maturity - 2 years; 
  - coupon rate - floating (3M Rigibor + 2%).

The purpose of the issue is attracting of funds and onlending of the attracted funds to a borrower with credit risk passing to the buyers of the notes. According to the terms of the issue, the buyers of the notes will not take credit risk of the issuer but will take all the risks resulting from the loan agreement between the issuer and the borrower.

The initial offering commences on August 30, 2007.

The Notes will be offered only to qualified investors or investors who will subscribe to the Notes in the amount of no less than EUR 50 000. Minimum subscription amount for qualified investors is LVL 1 000 (EUR 1 422.87*) or 1 note.

It is not planned to list the Notes on the debt securities list of the Rigs Stock Exchange. The arranger of the issue is JSC “Parex banka”.


*The fixed exchange rate of the Bank of Latvia is 1 EUR=0.702804 LVL.
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