"Hipotēku banka" AM series mortgage bonds to be placed via RSE auction

09.12.2003 RIG

On December 11, 2003 Riga Stock Exchange will run a primary placement auction of “Hipotēku un zemes banka” AM series mortgage bonds.

30,000 mortgage bonds with total nominal value LVL 3,000,000 will be auctioned. The mortgage bonds will mature on August 15, 2013 and the fixed coupon rate is 5.25. The accrued interest as of settlement date will be 1.76%.

Any investor may participate at the auction by submitting bids to the banks and brokerage companies licensed for operations in the securities market.

AM series mortgage bonds will be sold at competitive multiple price auction with extension. Bids will be accepted from the Riga Stock Exchange members on December 11 from 11:00 till 12:00 and the extension will start from 12:00.

Settlement date for the auction will be on December 16, 2003.


For more information, please contact:
Krista Grintale
Corporate Communications Director
Riga Stock Exchange
Phone: +371 7212431