Riga, Latvia, 2017-05-25 09:13 CEST (GLOBE NEWSWIRE) -- ABLV Bank offers several innovations in products and services. They include new issues of ABLV Bank straight bonds, improved ABLV mutual funds’ fact sheets, and other news.
New issues of ABLV Bank straight bonds
Continuing bond issue programme, we have registered the Sevenths ABLV Bank Bond Offer Programme base prospectus with the Financial and Capital Market Commission. Under this Programme, the bank will be allowed 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. The programme will be effective for 12 months.
Under the Seventh Bond Offer Programme, we are going to perform the first two issues of straight bonds that are going to be included in the regulated market – Baltic Bond List of Nasdaq Riga. Subscription to new bond issues will be launched on 25 May 2017 and will end on 26 June 2017.
The parameters of the issues:
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Coupon bond issue of 75 000 000 USD
(issue name: ABLV FXD USD 030719; ISIN: LV0000802270)
The issue size is USD 75 000 000. The number of bonds is 75 000. The face value of one bond is USD 1 000. The annual interest rate is fixed: 2.25% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 3 July 2017, and the maturity date is 3 July 2019.
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Coupon bond issue of 20 000 000 EUR
(issue name: ABLV FXD EUR 030719; ISIN: LV0000802288)
The issue size is EUR 20 000 000. The number of bonds is 20 000. The face value of one bond is EUR 1 000. The annual interest rate is fixed: 0.75% with coupon payment twice a year. Initial placement price: 100% of the face value. The issue date is 3 July 2017, and the maturity date is 3 July 2019.
We started performing public bond issues in 2011. Including the redeemed bonds, we have performed 41 public bond issues so far. Currently, 21 bond issues are included in the Baltic Bond List of Nasdaq Riga.
Improved ABLV mutual funds’ fact sheets
We care about the comfort of our clients and follow the best practices, so we decided to improve the monthly ABLV investment funds’ fact sheets to make them more transparent, and we added some important additional information.
As always, every month asset management company ABLV Asset Management, IPAS provides our clients with a comment on the events on the market and general performance of the mutual funds in the particular month.
The novelty is the separate fact sheet per each of the 12 mutual funds we offer. Such fact sheet is going to contain individual fund performance description in English: chart of return on invested EUR 100 or USD 100 and annual yield of the fund, TOP 10 investments in the particular financial instruments, division of investments by industries and other information describing the operation of the fund.
Fact sheets will still be available at the client service area of our headquarters, as well as under each investment fund on the website.
More information about May news of ABLV Bank services is available at the bank's website.
This announcement contains inside information.
Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
e-mail: ilmars.jargans@ablv.com
