AS „Akciju komercbanka „Baltikums”” Has Redeemed Second Issue Bonds

AS „Akciju komercbanka „Baltikums”” has redeemed the second issue bonds. Previously, the bank successfully redeemed the first bond issue.

AS „Akciju komercbanka „Baltikums”” positions itself as a stable issuer whose bonds are attractive for investors.

Investors showed high interest in the bank’s issued bonds. Most investors represented the Baltic States; ¾ of the issue volume were purchased by institutional investors (pension and investment funds, banks, and insurance companies) and ¼ - by private investors.

The bank directed the funds obtained from the bond issue to finance trade and to finance and service shipping companies.

Currently, the third issue bonds of AS „Akciju komercbanka „Baltikums”” totally worth EUR 10 million are available in public trade and are quoted on the stock exchange NASDAQ OMX Riga.

Investors who purchased the bank’s bonds receive stable and regular income from them. The bank’s bonds have stable business prospects in future improving the bank’s competitive advantages in the chosen niches of Corporate Banking and Private Banking. The financial results achieved by AS „Akciju komercbanka „Baltikums”” prove that the bank has been successfully implementing its potential in providing services to companies and high net worth individuals.

AS „Akciju komercbanka „Baltikums”” allows for possibilities of new bond issues in future depending on the situation on financial markets and customer demand for financing promising projects.

Financial results of AS “Akciju komercbanka “Baltikums”” as of 31 March 2009:

The interest rate fixed by the Bank of Latvia is 1 EUR = 0.702804 LVL.