Nasdaq Welcomes Baltic International Bank to Nasdaq Baltic Market

11.08.2015 RIG

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, August 11, 2015 – Nasdaq (Nasdaq: NDAQ) announces that three bond series issued by Baltic International Bank will be listed on the Baltic Bond List by Nasdaq Riga on August 12.

All three bond series are a part of Baltic International Bank’s EUR 10 million bond program. Program includes a USD 2.1 million issue (with a nominal value of a bond of USD 1,000, fixed 1.6% coupon paid out twice a year, one-year maturity), a USD 2.3 million bond issue (with a nominal value of a bond of USD 1,000, fixed 2.1% coupon paid out twice a year, two-year maturity), and a EUR 2.25 million bond issue (with a nominal value of a bond of EUR 1,000, fixed 1.8% coupon paid out twice a year, two-year maturity).

“The Baltic corporate bond market has shown a considerable upturn in activity over the last year,” said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic. “This has resulted both in an increased interest in public listing and in actual listings as well. We are glad to see that Baltic International Bank values the benefits the public market provides.”

Baltic International Bank was founded in Latvia in 1993 and offers private banking services tailored to the private and business interests of affluent families. The bank has its representative offices in London, Moscow and Kiev. Read more: www.bib.lv/en/.

“The issue of the bonds that will be listed on the Baltic Bond list is organized according to our development strategy and expands investment product array for our customers”, said Ilona Guļčaka, Chairman of the Management Board at Baltic International Bank. “The listings provide our clients an opportunity to diversify their portfolios with higher yielding alternatives for regular bank deposits. At the same time, issuing bonds enables us to attract capital for expansion and develop new lines of business.”

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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. Read more: nasdaqbaltic.com.

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Media Relations Contact:
Audrone Ranonyte
+370 5 272 3458
audrone.ranonyte@nasdaq.com