On 27 June 2006 JSC Akciju komercbanka Baltikums set the coupon rate for the fourth coupon period (from June 30, 2006, till December 29, 2006) on its first issues notes at 6.74% p.a. According to the terms of the issue, the coupon rate is set for each six-month interest calculation period. The coupon rate is based on 6 month EURIBOR rate, which is fixed on the coupon rate determination date, plus 3.5% p.a. According to Bank of Latvia, 6 month EURIBOR rate on 27 June 2006 was 3.24% p.a. The fourth payment of the coupon at the rate of 6.74 % p.a. will take place on 29 December 2006. On 21 December 2004 JSC Akciju komercbanka Baltikums successfully completed its first public offering of notes that was launched on December 1, 2004. The total size of the issue is EUR 3,855,500. The notes have face value of EUR 100 each. The coupon will be paid semi-annually and the principal will be repaid as a lump sum on 29 December 2006. | 
