2005.12.28, Akciju komercbanka Baltikums, RIG

Akciju komercbanka “Baltikums”                                  28.12.2005



Coupon rate payment on AS “Akciju komercbanka “Baltikums”” notes for the third 

interest calculation period is set at 6.139 p.a.



On 27 December 2005 AS “Akciju komercbanka “Baltikums”” set the coupon rate for 

the third coupon period (from December, 30, till June, 29, 2006) on its 2-year 

floating rate notes at 6.139 p.a.



According to the terms of the issue, the coupon rate is set for each six-month 

interest calculation period. The coupon rate is based on 6 month EURIBOR rate, 

which is fixed on the coupon rate determination date, plus 3.5% p.a. According 

to Bank of Latvia, 6 month EURIBOR rate on 27 December 2005 was 2.639 p.a.



The second payment of the coupon at the rate of 5.593 p.a. will take place on 

29 December 2005.

The first payment of the coupon at the rate of 5.722 p.a. was taken place on 

29 June 2005.



EURIBOR - An index set by the European Banking Federation which is an interest 

rate that is used by banks in the European Union for borrowings on the inter-bank 

market for the respective period. The 6 month EURIBOR rate is published on the 

Internet home page of the Bank of Latvia <a href='http://www.bank.lv.' target='_blank'>http://www.bank.lv.</a>



On 21December 2004 AS “Akciju komercbanka “Baltikums”” successfully completed 

its first public offering of notes that was launched on December 1, 2004. The 

total size of the issue is EUR 3,855,500. The notes have face value of EUR 100 

each. The coupon will be paid semi-annually and the principal will be repaid as 

a lump sum on 29 December 2006.





Chairman of the Board  			

A.Reims





Tatjana Gaivoronska

Phone: 7031343

e-mail: tatjana.gaivoronska@bank.baltikums.com