ABLV Bank, AS in liquidation bonds to be excluded from the regulated market as of July 1, 2020
Riga, Latvia, 2020-06-25 12:53 CEST --
The Board of Nasdaq Riga, AS has decided to exclude from the regulated market all bonds issued by ABLV Bank, AS in liquidation, determining June 30, 2020 as the last day of bond quotation.
It was previously reported that the request by ABLV Bank, AS in liquidation to exclude all its issued bonds from the regulated market was based on the voluntary liquidation process started in 2018, since, in accordance with Section 127 of Credit Institutions Law, there are no grounds to continue admitting the bonds to the Bond List due to absence of interest of investors or need to protect normal market operation.
Along with excluding the bonds from the Bond List of the exchange, the accounting of the bonds at Nasdaq CSD, SE will be terminated, and the bonds transferred into monetary claims in the accounting of ABLV Bank, AS in liquidation shall be accounted only as claims of creditors of ABLV Bank, AS in liquidation about disbursement of monetary funds.
Excluding the bonds from the Bond List and transfer them into monetary claims shall not affect the lodged and recognised claims of creditors-bondholders, as well as amounts of these claims, procedure of satisfying them and the terms of disbursement of the claim amounts. In order to claim their rights to the monetary claims arising from the transfer of bonds, the bondholders, who have not lodged their creditors’ claims yet, should lodge their claims of creditors of ABLV Bank, AS in liquidation. Information about the procedure of lodging the claims is available here: www.ablv.com.
As always, all the latest information about the operation of ABLV Bank, AS will be available in monthly liquidation reports which are being published in accordance with the provisions of the Law on Credit Institutions.
Head of Communication Department
ABLV Bank, AS in Liquidation
Tel.: +371 6700 2432