Baltic International Bank: Debut Bond Issue
The first issuance programme of bonds of the Bank for the total amount of 20 million Euros was approved by the meeting of shareholders of Baltic International Bank on 23 September this year, to be implemented within the next 12 months. As part of the issue, Baltic International Bank will offer its customers fixed or variable rate EUR, USD and GBP bonds with maturity from 1 to 3 years.
The purpose of the bond issue is to roll out a modern financial product that offers higher yields and is a more flexible alternative to deposits. Besides higher rates of return, the bonds give our customers a vast range of opportunities (to carry out trading transactions, apply for bond-secured loans).
“The bond issue is the next step in the continuous process aimed at expanding our product array and providing new investment solutions. The bond subscription will allow our customers to diversify their investments and enable them to contribute to Bank’s development,” said the Chairperson of Bank’s Board Ilona Gulchak.