Parex banka                                                      12.12.2005



JSC “Parex banka” bond yield – price calculation in Riga Stock Exchange



Since 1 August 2005 Riga Stock Exchange in addition to the debt securities 

trading segment where orders have to include the price of the security as 

percentage of the nominal including accrued interest has introduced debt 

securities market segment where the orders are automatically matched 

according to the given yield.



Taking into the account that SC “Parex banka” bonds where included in RSE 

Debt securities list before the mentioned date and that the new segment of 

RSE trade system does not support the yield calculation method given in the 

prospectus therefore in order to provide additional opportunities to the 

investors SC “Parex banka” informs that when the investors and financial 

intermediaries submit the orders to the market segment where the orders are 

automatically matched according the given yield, the calculation of the 

yield – price and accrued interest has to be done using 30E/360 price 

calculation convention (full calendar month consists of 30 days and there 

are 360 days in a year).



Certainly the option to enter orders and conclude transactions in the second 

RSE debt securities market segment where orders have to include the price of 

the security as percentage of the nominal including accrued interest is 

preserved. 



This announcement does not limit the rights of the investors determined in 

the prospectus including the right to receive the coupon and the principal 

payments on the dates given in the prospectus. 





Janis Dubrovskis

Project manager

+371 7010795