Published: 2021-09-22 08:17:31 CEST
Attīstības finanšu institūcija Altum
Prospectus/Announcement of Prospectus

On Base Prospectus of Third Programme for the issuance of the notes in the amount of up to 75 million EUR and the coming issuance of the notes

Inside information, 2021-09-22 08:17 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 AND SINGAPORE. THIS ANNOUNCEMENT IS ALSO NOT ADDRESSED TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA.

On 21 September 2021, The Financial and Capital Market Commission has registered the Base Prospectus of the Third Programme for the Issuance of Notes of Attīstības finanšu institūcija Altum AS (ALTUM) (please see attached). The total amount of the programme in nominal value is 75 million euro.

ALTUM Chairman of the Management Board Reinis Bērziņš: “As we continue to raise funding in the capital markets, we are preparing for the next bond issue programme [in the amount] of EUR 75 million. The new programme will consist of several bond issues and, like the previous four, will ensure diversification of our funding sources, while promoting the development of the Baltic capital market.” 

ALTUM has mandated Luminor Bank AS as a Sole Lead Manager and Bookrunner to organise the global investor call as well as several online investor meetings. Subject to market conditions ALTUM is contemplating to issue the notes up to 20 million euro with 7-year maturity. Notes are expected to be listed on the regulated market - the Baltic Bond List of Nasdaq Riga. 

According to the credit opinion issued by international rating agency Moody’s in August 2021, ALTUM had Baa1 long-term issuer rating with stable outlook.

Disclaimer

By accessing, downloading, reading or otherwise making available to yourself any content of the base prospectus and any final terms you confirm that you have read, understand and agree to comply with all of the restrictions set forth below and that your country of residence and current location is not the United States of America, Australia, Japan, Canada, Hong Kong, South Africa, Singapore or any other jurisdiction in which distribution or publication of the base prospectus and any final terms is unlawful.

The distribution of the base prospectus and any final terms may in certain jurisdictions be restricted by law, and the base prospectus and any final terms may not be used for the purpose of, or in connection with, any offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. No actions have been taken to register or qualify the notes, or otherwise to permit a public offering of the notes, in any jurisdiction other that the Republic of Latvia and the Republic of Lithuania. Attīstības finanšu institūcija Altum AS (the "Issuer"), Luminor Bank AS (the "Arranger" and the "Dealer") expect persons into whose possession the base prospectus or any final terms comes to inform themselves of and observe all such restrictions. Neither the Issuer nor the Arranger or Dealer accept any legal responsibility for any violation by any person, whether or not a prospective purchaser of the notes is aware of such restrictions. In particular, the base prospectus and any final terms may not be sent to any person in the United States, Australia, Canada, Japan, Hong Kong, South Africa, Singapore or any other jurisdiction in which it would not be permissible to deliver the notes and the notes may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into any of these countries.

The notes have not been, and will not be, registered under the U.S. Securities Act 1933 (as amended) (the "Securities Act"), or with any securities regulatory authority of any state of the United States. The base prospectus or the final terms are not to be distributed to the United States or in any other jurisdiction where it would be unlawful. The notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, within the United States or to, for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act (the "Regulation S")), except to a person who is not a U.S. Person (as defined in Regulation S) in an offshore transaction pursuant to Regulation S.

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. 

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.:+371 26165699
         E-mail: Laura.Lapkovska@altum.lv


2021.09.15. Altum Base Prospectus ID 687566.pdf