Issuance of Notes
Inside information, 2020-04-07 14:56 CEST --
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN SUCH COUNTRIES OR JURISDICTIONS IN WHICH IT WOULD BE UNLAWFUL OR REQUIRE MEASURES OTHER THAN THOSE REQUIRED UNDER LATVIAN LAWS, INCLUDING THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, HONG KONG, SOUTH AFRICA, SINGAPORE
On 7 April 2020 Management Board of AS "Attīstības finanšu institūcija Altum" (hereinafter – “Altum”) in accordance with the Base Prospectus of Second Programme for the Issuance of Notes in the Amount of EUR 70,000,000 of Altum dated 9 May 2019 approved initial final terms for the issuance of EUR 20,000,000 Notes in addition to EUR 10,000,000 1.3% Notes due 7 March 2025 and EUR 15,000,000 1.3% Notes due 7 March 2025 (ISIN code: LV0000880037) issued, respectively, on 7 March 2018 and 5 June 2019 in accordance with the General Terms and Conditions set forth in the Base Prospectus of the First Programme for the Issuance of Notes of Altum dated 30 August 2017.
Placement of the Notes will take place on 8 April 2020 from 10.00 to 16.00 Riga time.
MiFID II professional investors and ECPs only target market - Manufacturer target market (MiFID II product governance) is professional clients and eligible counterparties, each as defined in MiFID II (all distribution channels).
Neither this announcement nor any copy of it, in whole or part, may be taken or transmitted, directly or indirectly, into the United States, Australia, Japan, Canada, Hong Kong, South Africa, Singapore or any other jurisdiction where to do so would be unlawful. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe, any securities to any person in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The offer and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States. The securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and the securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended. The Issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States. This announcement is addressed to and directed at persons in member states of the European Economic Area who are ''qualified investors'' within the meaning of the Regulation (EU) 2017/1129. Any investment activity (including, but not limited to, any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities) to which this announcement relates will only be available to, and will only be engaged with, persons who fall within the manufacturer target market.
JSC Development Finance Institution ALTUM is a Latvia state-owned company that ensures access of the enterprises and households to the financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 25 March 2019 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was upgraded to investment grade rating baa3. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga. ALTUM was the winner of Stock Exchange Event of the Year award in Nasdaq Baltic Awards 2019.
AS Attīstības finanšu institūcija Altum Investors Relationships Division
Tel.: +371 67774023, +371 26165699