On Termination of Accounting of Discounted Value Increase of Subordinated Bonds
Riga, Latvia, 2018-12-04 07:54 CET --
ABLV Bank, AS in liquidation is hereby specifying the information released on 23 April 2018 about termination of accounting of interest income and coupon disbursement under all subordinated bonds, issued by the bank, since 19 February 2018.
Given the suspension of debit operations in clients’ accounts imposed on the bank since 19 February 2018 by the Financial and Capital Market Commission and the provisions of the Credit Institutions Law about that in such cases the credit institution is prohibited to perform its subordinated liabilities, including accounting, accrual or disbursement of interest under such loans or any other remuneration, since 19 February 2018 there was also accounting of increase of discount from face value to all subordinated bonds issued by the bank terminated regarding the bonds where such increase of the discount from face value had been provided in the issue documents.
ABLV Group Communications Leader
Tel.: +371 6700 2454