Riga/Tallinn/Vilnius, Nasdaq Baltic Market, June 2, 2022 – Nasdaq (Nasdaq: NDAQ) announces that bonds issued by BluOr Bank AS, a privately owned commercial bank of Latvia, have been listed on the Nasdaq Baltic Bond List by Nasdaq Riga as of today, June 2.
The size of BluOr Bank bond issue is EUR 4.855 million. It is the first tranche of the bond offering programme. The nominal value is 1 000 EUR per bond, annual coupon rate of 7% per annum and maturity of 7 years.
„We congratulate BluOr Bank with listing on the exchange. We hope that this is the beginning of new financing and business opportunities for the bank,“ said Daiga Auziņa-Melalksne, the CEO of Nasdaq Riga and Head of the Nasdaq Baltic Market.
“The listing of BluOr Bank bonds on the stock exchange attests to the Bank’s stability, growth and successful implementation of its strategic goals, as evidenced also by the high trust of investors. As of this year, BluOr Bank has been included among the five systemically important financial institutions. This means that with its purposeful work and investments in the Latvian financial market, the Bank has achieved a significant level in its growth. In addition, attracting financial resources is one of the prerequisites for the Bank’s further growth, which in turn makes it possible to provide financial support on the best possible terms to companies whose business development is an essential driving force of the entire economy,” said Dmitry Latishev, the CEO of BluOr Bank.
BluOr Bank AS is a privately owned commercial bank of Latvia. The Bank was established in 2001. BluOr Bank AS provides a full range of banking services: daily banking services for corporate and individuals, loans to small and medium-sized companies, asset management and brokerage services. According to the Bank’s strategy, the main business segment is corporate banking with a focus on small and medium-sized companies and corporate lending. Additional information: https://www.bluorbank.lv/en
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