Baltic International Bank will issue new bond series

News - November 30, 2015

Under its Bond Offer Programme No 2, JSC Baltic International Bank will issue two bond series.

After the primary placement, the bonds will be admitted to the regulated market. The bonds will be quoted on the Nasdaq Baltic Bond List by Nasdaq Riga.

The goal of the Bank's Bonds issue is to provide to the Bank's customers an modern financial product which is a more rewarding and flexible alternative to deposits. It is an option to diversify one's investment portfolio and get involved in the Bank's development.

Bonds offer series features:

USD 2 900 000 (BIB 2.1% 04/12/17 USD)

Total size of the Bonds issue USD 2 900 000
Nominal value of a Bond USD 1 000 
Type and size of interest rate Fixed: 2.10 %
Interest Income period 6 months
Price at primary placement 100%
Issue date 4 December 2015
Bonds maturity date 4 December 2017 (2 years)

 

EUR 1 000 000 (BIB 1.8% 04/12/17 EUR)

Total size of the Bonds issue EUR 1 000 000
Nominal value of a Bond EUR 1 000 
Type and size of interest rate Fixed: 1.80 %
Interest Income period 6 months
Price at primary placement 100%
Issue date 4 December 2015
Bonds maturity date 4 December 2017 (2 years)

 

The both bond issues (BIB 2.1% 04/12/17 USD, BIB 1.8% 04/12/17 EUR) will open for subscription on 26 November 2015 and close on 2 December 2015.

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