Today  "Hipotēku banka" new AD series 5-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 1.011

million and average yield 6.22% per annum.



Total  nominal  value of demand was LVL 3.2 million, which exceeded the

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

price auction.



The  AG  series  mortgage bonds will be listed on the RSE Official list

starting  with  February 18, 2002. The bonds mature on August 15, 2006,

and the coupon rate is 6.5%.