Šiaulių Bankas’ Bonds Listed on the Nasdaq Baltic Bond List

30.04.2020 VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, April 30 2020 – Nasdaq (NDAQ) announces that bonds issued by Šiaulių Bankas AB (short name: SABB061529A) have been listed on the Baltic Bond List by Nasdaq Vilnius as of today, April 30, 2020.

The size of the Šiaulių Bankas bond issue is EUR 20 million. Each bond has a nominal value of EUR 10 000 and a coupon rate of 6.150% with interest paid once a year. The bonds mature on December 23, 2029.

“Nasdaq welcomes Šiaulių Bankas‘ new bond issue to the Nasdaq Baltic Bond List. We are pleased that for more than a decade  bank has been successfully using the opportunities offered by the public capital market, both shares and bonds,“ says Saulius Malinauskas, the President of Nasdaq Vilnius. “For the future, too, our wish is that Šiaulių Bankas continues to attract capital using Baltic capital markets to achieve its business objectives.”

 “We aim for all the financial instruments issued by the bank to be included on the regulated market, and this first issue of subordinated bonds is no exception. Being on the Baltic securities list increases our investor base as well as the bank’s visibility and transparency, which we see as the foundation of our relations with investors,” says Vytautas Sinius, the CEO of Šiaulių Bankas.

Founded in 1992, Šiaulių Bankas is a consistently and steadily growing financial institution with a diversified shareholder base. The bank’s largest shareholder is the European Bank for Reconstruction and Development (EBRD), which owns 18.24% of its shares. Šiaulių Bankas provides universal financial services with a focus on corporate and consumer financing solutions. The bank serves customers at 63 customer service outlets in 38 cities and towns throughout Lithuania.

Šiaulių Bankas’s shares have been traded on Nasdaq Vilnius since 1994. In December 2006, the shares were upgraded to the Main List. In 2017, Šiaulių Bankas’s shares had the largest turnover on the Nasdaq Baltic market, and this year its shares are among the ten most actively traded. For more information see: www.sb.lt

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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com.