Programme 17' | Series 2, Tranche 1 | 1.3% 7 Years Bond
Series 2 | 1.3% 7 YEARS BOND
SECURITY INFORMATION
ISIN | LV0000880037 |
Ticker | ALTM013025A |
List/segment | Baltic Bond List |
Number of listed securities | 45 000 |
Nominal | 1 000 EUR |
Issue value | 45 000 000 EUR |
Listing date | 15.03.2018 |
Maturity date | 07.03.2025 |
Coupon rate (%) | 1,3 |
Next coupon payment date | 07.03.2023 |
15.03.2018 – Initial listing 10 000 000 EUR
05.06.2019 – Additional listing 15 000 000 EUR
15.04.2020 – Additional listing 20 000 000 EUR
Latvian Development Finance Institution ALTUM issued Notes in the amount EUR 10 million
State-owned JSC Development Finance Institution Altum rated Baa1 by Moody’s Investors Service has issued Notes in the amount EUR 10 million, and this is the second issue of Notes within the program. The transaction attracted a great deal of interest from investors in Latvia, Lithuania and Estonia, and was 6 times oversubscribed.
On 2nd March, Altum has issued bonds in the total value of EUR 10 million with a maturity date of 7 March 2025, a fixed annual interest rate (coupon) is 1.3%, a yield is 1.3805%. The Notes were oversubscribed by 6 times. The Notes were allocated to 14 investors in the Baltics: 4 banks (20%) and 10 asset managers and insurance companies (80%). The Notes will be listed on Nasdaq Riga.
Proceeds from the Notes will be used for ALTUM financial instruments funding purposes.
Reinis Berzins, Altum CEO:
“This is already the second issue of Notes by ALTUM performed in relatively short time, thus declaring ourselves as an active capital market participant. The issues proves that investors have an explicitly high interest in companies with high ratings from international investor service companies, great reputation and clear vision around investment objectives. The issue will support further diversification of funding and simultaneously promote development of Baltic capital markets”.
AB SEB Bankas acted as the Arranger of the transaction.
As of 5 June 2019 the Notes are consolidated and form a single series with EUR 15,000,000 Notes issued on 5 June 2019.
Disclaimer
This communication is not an offer to sell or a solicitation of an offer to buy the Notes issued under the Programme in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. Akciju sabiedrība “Attīstības finanšu institūcija Altum” or its representatives and AB SEB bankas do not accept any legal responsibility for any such violations, whether or not a prospective purchaser of the Notes is aware of such restrictions. The Notes issued under the Programme have not been and will not be registered in accordance with the U.S. Securities Act of 1933 (the “Securities Act”) or under the securities laws of any state of the United States of America and accordingly, they may not be offered, sold, resold, granted, delivered, allotted, taken up, transferred or renounced, directly or indirectly, in or into the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any securities laws of any state of the United States of America.