BluOr Bank AS successfully issued 4,960 notes with a total value of 4,960,000 EUR and a nominal value of 1,000 EUR each as part of its tranche No1 of BluOr Bank additional tier 1 temporary write-down notes 2023 (ISIN code: LV0000802775). There is no specified maturity date for the notes.

Thirteen investors have subscribed to the first-tier additional capital write-down notes totalling 4,960,000 EUR with an annual yield of 13%.

About BluOr Bank:

BluOr Bank AS is a privately owned commercial bank of Latvia. The Bank was established in 2001. BluOr Bank AS provides a full range of banking services: daily banking services for corporate and individuals, loans to small and medium-sized companies, asset management and brokerage services.

According to the Bank’s strategy, the main business segment is corporate banking with a focus on small and medium-sized companies and corporate lending.

Additional information: https://www.bluorbank.lv