Latvijas Hipotēku un zemes banka 10.01.2007
Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia”
Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia”
(hereinafter referred to as the Mortgage Bank) informs that the Board
of the Mortgage Bank passed the following resolutions on 10 January 2007
(Minutes No 2 of the Board meeting):
1. on 15 February 2007, to reduce the issue volume of AI series
mortgage bonds (ISIN code LV0000800118) from LVL 2,000,000.-
(two million Latvian lats) to LVL 1,050,000.- (one million fifty
thousand Latvian lats) in accordance with Article 6 of the Law on
Mortgage Bonds and Article 3.5.2. of the prospectus of AI series
mortgage bonds thus redeeming the mortgage bonds that the Mortgage Bank
had acquired on the secondary market.
2. on 15 February 2007, to redeem the whole issue volume of
BB series mortgage bonds (ISIN code LV0000800241) at their face
value in accordance with Article 3.7.6.1. of the prospectus of BB
series mortgage bonds.
This resolution was made on the basis of the resolution “On Mandate
of the Board of the Mortgage Bank”, passed on 4 February 2004 at
the extraordinary shareholder’s meeting of the state-owned JSC
“Mortgage and Land Bank of Latvia” (Minutes No 1, Article 4).
Characteristics of the mortgage bonds redeemable prior to their maturity
Series of the mortgage bonds AI BB
ISIN code LV0000800118 LV0000800241
Number of the redeemable mortgage bonds 9,500 50,000
Face value of the redeemable mortgage bonds LVL 9,500,- USD 5,000,000.-
Date of premature redemption 15 February 15 February
2007 2007
R.Paņko
Deputy Chairman of the Board
Processed by
Mr. G.Henkels,
telephone +371 7774050
LMB: Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia”
| Source: Latvijas Hipoteku un zemes banka