Today  "Hipotēku banka" AG series 7-year mortgage bonds were placed via

an  auction at the RSE. 6000 bonds with total nominal value LVL 600,000

were  auctioned,  the total placement value reaching LVL 651,726.65 and

average yield 6.37% per annum.



Total  nominal  value  of demand was LVL2.5 million, which exceeded the

supply  more  than  four  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  January  28, 2002. The bonds mature on August 15, 2007,

and the coupon is 7.5%.