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JSC “Rietumu Banka” will perform early redemption of the subordinated bonds

23-Aug-2017, 12:25 / Notifications JSC “Rietumu Banka” (hereinafter – the Issuer) has made a decision to perform early redemption of the subordinated bonds issued back in 2012 (hereinafter – the Bonds).
Following Bonds will be redeemed on September 7, 2017:

    · USDSB-1 (ISIN:LV0000801009);
    · EURSB-1 (ISIN: LV0000800993).
Meanwhile, the issue of the Bonds USDSB-2 (ISIN:LV0000801025) will be redeemed on September 14, 2017.
All above mentioned issues of the Bonds will be redeemed in full nominal value of the issues at the price of 100% of their nominal value.

The issue of the Bonds USDSB-1 (ISIN:LV0000801009) was made on September 7, 2012 and its nominal value is USD 6 000 000. The issue of the Bonds EURSB-1 (ISIN:LV0000800993) was held on September 7, 2012 and its nominal value is EUR 10 000 000. Both emissions of the Bonds were issued for a term of 7 years, with a fixed annual interest rate at 7.00% payable twice a year. According to the terms of the issues, the Issuer has a right to execute the early redemption of the Bonds in full issue volume starting from September 7, 2017.
Meanwhile, the issue of the Bonds USDSB-2 (ISIN:LV0000801025) was held on September 14, 2012 and its nominal value is USD 5 025 000. Bonds were issued for a term of 7 years, with a fixed annual interest rate at 7.00% payable twice a year. According to the terms of the issue, the Issuer has a right to execute the early redemption of the Bonds in full issue volume starting from September 14, 2017.
All Bonds were registered within NASDAQ Riga stock exchange and are in public trading.

The Issuer has obtained the required permission from the Financial and Capital Market Commission in order to execute the early redemption of the Bonds.

Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv
24h Customer Service
+371 67025555 Rietumu.Info
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