The VSE to list NORD/LB Lietuva AB bank's corporate bond issue

04.04.2005 VLN

Such a decision was made at the VSE Management Board meeting on April 4, 2005.

A three-year issue of 500,000 corporate registered bonds at LTL 100 (EUR 28.96) face value of NORD/LB Lietuva AB bank is admitted to the Current Trading List of the VSE. The total nominal value of the issue amounts to LTL 50,000,000 (EUR 14,481,001). The corporate bond issue was registered with the Lithuanian Securities Commission on January 13, 2005 (securities’ registration act No B-5268). The bonds will be redeemed on March 17, 2008. The bonds give a right to annual interest of 3.25%.

On December 31, 2004, the authorized capital of the bank amounted to LTL 195,117 thousand, shareholder equity equalled LTL 213,168 thousand. In 2004 and 2003, the bank’s net profit stood at LTL 19,395 thousand and LTL 15,454 thousand accordingly.

As of December 31, 2004, the company had 939 shareholders. The largest shareholder (holding more than 5% of all company votes) was Norddeutsche Landesbank Girozentrale (93.1%). 

Investors should note that the VSE trading system calculates the accrued interest by the actual number of days in a month and in a year (Act/Act). However, it is laid down in the bonds issue prospectus of the NORD/LB Lietuva bank AB that interest is calculated and paid according to agreement that there are 360 days in a year (Act/360).

For more information:
Saulius Malinauskas, Director of Listing Deparment, Vilnius Stock Exchange         
+370 5272 1406,saulius.malinauskas@nasdaqomx.com 

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