issue size EUR 5 000 000.00

nominal value EUR 100.00

maturity date  20.04.2009

interest rate p.a. 6.875%

the arranger Parex banka

 AS Akciju komercbanka Baltikums Prospectus (2.36 MB)

The Issuer is going to carry out 50 000 Notes Issue with the nominal value of EUR 100.00 for one Note and total size of EUR 5’000’000.

The arranger of the issue is AS “Parex banka”.

Coupon rate payment on AS “Akciju komercbanka “Baltikums”” notes is set at 6.875% p.a. The Issuer will make Coupon payments twice a year – on 20 April and 20 October. The first coupon payment date is 20 October 2006, the last –  20 April 2009. The Notes mature on 20 April 2009. The Issuer does not have the right to repay Principal before the maturity (call option) except cases the Notes are purchased on the secondary market.

Komercbanka Baltikums plans to use the proceeds derived from the notes issue to finance development of trade, sea and transit business companies.

We would like to stress out that this is going to be the second notes issue of Komercbanka Baltikums. In December 2004, AS “Akciju komercbanka “Baltikums”” completed one of the most important projects in its history. It placed the first unsecured notes issue in the amount of EUR 3 855 500 and with the 2 year maturity. The primary goal of this issue is to raise additional funds in order to increase Komercbanka Baltikums activities in the chosen field of sea transportation and trade finance. The bank successfully met this goal. In 2005, the size of the loans increased by 30-40% which corresponds to the amount of the raised funding.

The first issue was offered to the local and foreign investors by AS “Parex banka”, the issue’s arranger.

The notes of Komercbanka Baltikums are listed in the Debt securities list of Riga Stock Exchange.