2005.02.04, Latvijas Hipotēku un zemes banka, RIG

Mortgage and Land Bank of Latvia                             04.02.2005.



SJSC "Mortgage and Land Bank of Latvia" Launches Initial Placement of AN 

Series Mortgage Bonds





Issuer

Registration No, institution, place 	

40003132437, Enterprise Register of the Republic of Latvia, Riga

Name of entity 	

State-owned JSC ‘Mortgage and Land Bank of Latvia’

Legal address	Doma laukums 4, LV-1977, Riga

Telephone	+ 371 7222945

Fax	+ 371 7820143

E-mail 	banka@hipo.lv.



Issue agent

Registration No, institution, place	

40003151743, Commercial Register of the Republic of Latvia, Riga

Name of entity	

JSC ‘Latvijas UNIBANKA’

Legal address	‘Unicentrs”, Ķekavas pagasts, LV-1076, Rīgas rajons

Telephone	+ 371 7215366

Fax	+ 371 7215633

E-mail	andrejs.mezals@unibanka.lv



Qualities of AN series mortgage bonds 

Date of decision authorising announcement of the public offering 	

8 January 2005 

Type 	Bearer securities.

Category	Without restrictions to alienation of the mortgage bonds.

Total number 	30 000 (thirty thousand)

Face value of each security 	LVL 100.00 (one hundred Latvian lats).

Sale price of each security 	100.60 % (one hundred point six nought percent) 

of the face value.

Interest rate for the first interest income period 	4.375% (four point three 

seven five percent) per annum.

Opening IPO date 	10 February 2005.



To obtain a copy of the prospectus of AN series mortgage bonds please contact: 

the Head Office of Mortgage Bank at Doma laukums 4,Riga, LV-1977, office hours 

from 9 a.m.  till 5 p.m. or see the following  home pages - Mortgage Bank: 

<a href='http://www.hipo.lv;' target='_blank'>http://www.hipo.lv;</a> a/s ‘Latvijas Unibanka’: <a href='http://www.unibanka.lv,' target='_blank'>http://www.unibanka.lv,</a> Financial and Capital 

Market Commission:  <a href='http://www.fktk.lv.' target='_blank'>http://www.fktk.lv.</a>



The following options are available for purchasing of AN series mortgage bonds 

during the initial placement: 

the initial placement transactions shall be executed on 10 February 2005 from 

10 a.m. till 12 p.m. .over telephone (+371) 7215622.

The investors may submit their purchase bids to the banks or brokers duly 

licensed for servicing of investments or for rendering of additional investment 

services.