Today  "Hipotēku banka" new AI series 7-year mortgage bonds were placed

via  an  auction  at the RSE. 10,000 bonds with total nominal value LVL

1,000,000  were  auctioned,  the  total  placement  value  reaching LVL

1,046,370  and  average  yield  6.12%  per  annum.  This is already the

seventh  placement of "Hipotēku banka" mortgage bonds via an auction at

the stock exchange.



Total nominal value of demand was LVL 2.678 million, which exceeded the

supply  more  than  2.6 times. The price was set at open multiple price

auction.



The  AI  series  mortgage bonds, together with AG series bonds, will be

listed  on  the  RSE Official list starting with February 18, 2002. The

bonds mature on August 15, 2008, and the coupon is 7%.