Programme '21 | Series 1, Tranche 1 | 0,443% 5 Years Bond
ALTUM issues EUR 20 million bonds with a yield of 0.443%
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN SUCH COUNTRIES OR JURISDICTIONS IN WHICH IT WOULD BE UNLAWFUL OR REQUIRE MEASURES OTHER THAN THOSE REQUIRED UNDER LATVIAN LAWS, INCLUDING THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, HONG KONG, SOUTH AFRICA AND SINGAPORE. THIS ANNOUNCEMENT IS ALSO NOT ADDRESSED TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA.
SECURITY INFORMATION
| Number of listed securities | 20,000 |
|---|---|
| Nominal | 1,000 EUR |
| Issue value | 20,000,000 EUR |
| Listing date | 11.10.2021 |
| Maturity date | 08.10.2026 |
| Coupon rate (%) | 0.443 |
| Next coupon payment date | 08.10.2022 |
On October 1, 2021, ALTUM issued 5-year bonds in the amount of EUR 20 million, which is the first issue under the third bond issue programme of EUR 75,000,000, with a fixed annual interest rate of 0.443% and a yield to maturity of 0.443% (Final Terms for the Issuance of Notes attached). This bond issue attracted significant interest from the Baltics investors, and the bond issue was oversubscribed more than 3 times. The bonds were purchased by 15 institutional investors in the Baltics: 70% of the volume was allocated to asset management funds, 18% – to banks and 9% – to insurance companies.
ALTUM Chairman of the Management Board Reinis Bērziņš:
“With the new bond issue programme, ALTUM convincingly continues to pursue its strategy for raising finance. We are pleased with investors’ great interest in the bond issue, which took place in the Baltic capital markets in a week saturated with security issues. We have been issuing bonds for diversification of ALTUM financing sources since 2017, and our regular activity in the capital markets not only promotes investor confidence, but also enables us to achieve sound financial conditions – the best in our bond issues to date. This is ALTUM’s third issue programme, and we are planning to make the most out of its potential.”
Luminor Bank acted as the Sole Lead Manager of this bond issuance. Legal advice in connection with the issuance of bonds was provided by COBALT.
Disclaimer
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Japan, Canada, Hong Kong, South Africa, Singapore or any other jurisdiction, or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.
This announcement is not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States. The securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and the securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended. The issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.