According to the decision of shareholders meeting of JSC Akciju komercbanka Baltikums, the board of the Bank on January 12, 2007 made a decision to make initial offer of debt securities (notes) of JSC Akciju komercbanka Baltikums with the following terms: - Total amount of the issue - up to EUR 10,000,000 (ten millions Euros);
- Maturity date - February 2, 2010;
- Coupon rate - floating (3M Euribor+3 %).
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. It is 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 funds received from the issue of the notes, the Bank plans to use for further development of shipping finance and trade finance. This will be the third notes issue of JSC Akciju komercbanka Baltikums. In December 2004, JSC 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 with 2 year maturity. The Notes of the first issue have been repaid on December 29, 2006. The second issue of the notes of the Bank was completed in the spring of 2006. The total amount of this issue was EUR 5,000,000, term - 3 years. The arranger of two previous issues also was JSC Parex banka. |
