ABLV Bank, AS Carried Out Payment of Coupon under Subordinated Bonds
Riga, Latvia, 2018-04-23 15:44 CEST --
On 23 April 2018, ABLV Bank, carried out payment of coupon to the holders of subordinated bonds of issue series ABLV SUB USD 231023 (ISIN: LV0000801223). Coupon is paid for the interest period from 23 October 2017 to 18 February 2018.
This period arises from the decision of the Financial and Capital Market Commission of 19 February 2018 to suspend debit operations in the client accounts and based on the provision of the Law on Credit Institutions that in such circumstances a credit institution is not allowed to execute its subordinated liabilities, including calculation, accrual or disbursement of interest under such loans.
Therefore, starting from 19 February 2018, calculation of interest income and payment of coupon under any subordinated bonds issued by the bank is suspended.
The said restrictions do not apply to the straight bonds issued by the bank.
ABLV Group Communication Leader
ABLV Bank, AS
Tel.: +371 6700 2454