Investor Relations - Private & Corporate Customers
Rietumu Banka Will List Bonds On NASDAQ OMX Baltic Market
06-Dec-2012 / Notifications Starting from December 7, 2012, bonds of Rietumu Banka will be listed on the NASDAQ OMX Baltic Bond list. As a result of issuing bonds denominated in EUR and USD in three separate issues, Rietumu Banka has raised funds from investors with a total value of more than 10 million EUR and 11 million USD.
“We are pleased to see growing interest from Baltic companies to raise capital by issuing bonds and we congratulate Rietumu Banka on a successful bond placement. Rietumu Banka is the third company that has issued and listed bonds on Baltic Market this year. There are more companies in the pipeline,” says Daiga Auziņa-Melalksne, Head of Exchange Services, NASDAQ OMX Baltic Market.
Aleksej Generalov, Head of the Financial Institutions and Capital Markets Division at Rietumu Banka says: “Rietumu Bank’s subordinated bonds represent a highly attractive and, as shown in practice, highly demanded instrument for investing. The main advantages of our subordinated bonds include not only high profitability, exceeding traditional deposit rates, but also the fact that their purchase entitles foreign investors to obtain residence permits in Latvia. Listing our bonds on the NASDAQ OMX Baltic Market will enable investors to assess the current value of their investments, as well as promote trading of these securities on the secondary market.”
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