AS LHV Pank issued subordinated bonds
AS LHV Pank, a subsidiary of AS LHV Group issued today subordinated bonds that were all subscribed by the sole shareholder AS LHV Group. The subordinated bonds were issued with a nominal value of 50.000 euros, a total volume of EUR 5 million, the interest rate of 6.5% and a maturity date of 29 July 2026.
LHV Bank will classify the EUR 5 million raised with the issue as Tier 2 capital that the bank will use to support growing business volumes.
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