{"id":52726,"date":"2025-05-19T12:04:51","date_gmt":"2025-05-19T10:04:51","guid":{"rendered":"https:\/\/www.altum.lv\/?page_id=52726"},"modified":"2025-05-26T09:56:14","modified_gmt":"2025-05-26T07:56:14","slug":"programme-25","status":"publish","type":"page","link":"https:\/\/www.altum.lv\/en\/investors\/bonds\/programme-25\/","title":{"rendered":"Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds"},"content":{"rendered":"\t\t
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Altum<\/a>-<\/span><\/div>\n\n
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\n Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds\n <\/h1>\n \n <\/div>\n
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\n \n Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds<\/a>\n \n Prospectus and related information<\/a>\n \n <\/div>\n <\/div>\n <\/div>\n
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Number of listed securities<\/td>70 000<\/td>\n<\/tr>\n
Nominal (EUR)<\/td> 1 000 EUR<\/td>\n<\/tr>\n
Issue value (EUR)<\/td>70 000 000 EUR<\/td>\n<\/tr>\n
Yield (%)<\/td>3.576<\/td>\n<\/tr>\n
Maturity date <\/td>30.05.2030<\/td>\n<\/tr>\n
Next coupon payment date<\/td>30.05.2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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, CANADA, JAPAN, HONG KONG, SOUTH AFRICA, SINGAPORE, RUSSIAN FEDERATION AND BELARUS. THIS ANNOUNCEMENT IS ALSO NOT ADDRESSED TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA.<\/span><\/p>\n

\u00a0<\/p>\n

NASDAQ “ALTUM achieves its largest bond issuance to date”.<\/a><\/span><\/p>\n

\u00a0<\/p>\n

On May 23, 2025, ALTUM successfully issued 5-year bonds totaling EUR 70 million with a fixed annual interest rate of 3.576%. This marks the first issuance under ALTUM’s fourth bond issue programme, which has a total value of EUR 120 million. In comparison, a week earlier the Republic of Latvia issued a new 5-year Eurobond in the amount of EUR 1 billion with a yield of 2.971% which was 0.605% below the level achieved by ALTUM.<\/span><\/p>\n

The bond issue garnered significant interest from Baltic institutional investors. Overall, 18 institutional investors participated in the bond offering, including Nordic Investment Bank. The allocation of the issued volume was as follows: 69% to asset management funds, 14% to Nordic Investment Bank, 13% to banks, and 4% to insurance companies. Geographically 43% of the bond was allocated to Latvian investors, 32% to \u2013 Lithuanian, 11% to \u2013 Estonian and 14% to investor based in Finland.<\/span><\/p>\n

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\u201cThis is ALTUM's sixth and largest bond issuance to date, and it is a significant transaction not only for ALTUM but also for the Baltic capital markets \u2013 both in terms of the volume of EUR 70 million and the investor structure.\n\nThe achieved bond yield level of 3.576% is particularly noteworthy. This result demonstrates that investors are interested in investing in high-rated companies with a good reputation and a clear operational vision, even in the current challenging capital market conditions.\n\nWe are proud that Nordic Investment Bank was among the investors, which is a testament to ALTUM's reliability and reputation at the international level. At the same time, this issuance provided an opportunity for local pension funds to make stable and predictable investments directly into the Latvian economy. Thus, ALTUM's bond issuance not only diversifies ALTUM's funding base but also contributes to the development of the Baltic capital market.\n\nWith the ALTUM bond issuance program approved by the Bank of Latvia in May this year, totaling EUR 120 million, we affirm that we continue to actively participate in the capital market in the long term with a clear vision and long-term contribution to the Latvian economy.\u201d<\/div>\n\t\t\t\n\t\t\t\t\t\t
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Reinis B\u0113rzi\u0146\u0161<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
Chairman of the Management Board of ALTUM<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Disclaimer<\/span><\/p>\n

By accessing, downloading, reading or otherwise making available to yourself any content of the base prospectus and any final terms you confirm that you have read, understand and agree to comply with all of the restrictions set forth below and that your country of residence and current location is not the United States of America, Australia, Japan, Canada, Hong Kong, South Africa, Singapore, Federation of Russia or Belarus or any other jurisdiction in which distribution or publication of the base prospectus and any final terms is unlawful.<\/span><\/p>\n

The distribution of the base prospectus and any final terms may in certain jurisdictions be restricted by law, and the base prospectus and any final terms may not be used for the purpose of, or in connection with, any offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. No actions have been taken to register or qualify the notes, or otherwise to permit a public offering of the notes, in any jurisdiction other that the Republic of Latvia, the Republic of Estonia and the Republic of Lithuania. Att\u012bst\u012bbas finan\u0161u instit\u016bcija Altum AS (the “Issuer”), Luminor Bank AS (the “Arranger” and the “Dealer”) expect persons into whose possession the base prospectus or any final terms comes to inform themselves of and observe all such restrictions. Neither the Issuer nor the Arranger or Dealer accept any legal responsibility for any violation by any person, whether or not a prospective purchaser of the notes is aware of such restrictions. In particular, the base prospectus and any final terms may not be sent to any person in the United States, Australia, Canada, Japan, Hong Kong, South Africa, Singapore, Federation of Russia or Belarus or any other jurisdiction in which it would not be permissible to deliver the notes and the notes may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into any of these countries.<\/span><\/p>\n

The notes have not been, and will not be, registered under the U.S. Securities Act 1933 (as amended) (the “Securities Act”), or with any securities regulatory authority of any state of the United States. The base prospectus or the final terms are not to be distributed to the United States or in any other jurisdiction where it would be unlawful. The notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, within the United States or to, for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act (the “Regulation S”)), except to a person who is not a U.S. Person (as defined in Regulation S) in an offshore transaction pursuant to Regulation S.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Contacts for Investor relations<\/h2>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tLaura Lapkovska\n\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t

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26165699<\/a><\/div>\n\t\t\t\t\t\t\tlaura.lapkovska@altum.lv<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div> \n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Altum– Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds Prospectus and related information NOT […]<\/p>\n","protected":false},"author":74,"featured_media":0,"parent":10898,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-52726","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nProgramme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds - Altum<\/title>\n<meta name=\"description\" content=\"Bonds, Programme '25\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altum.lv\/en\/investors\/bonds\/programme-25\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Programme \u201925 | Series 1, Tranchace 1 | 3.576% 5 years Bonds - 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