Published on 11/20/2015 in the Prospect News Emerging Markets Daily.
New Issue: Baltic International Bank prices $2.9 million 2.1%, €1 million 1.8% two-year bonds
By Susanna Moon
Chicago, Nov. 20 – Baltic International Bank said it will issue $2.9 million of 2.1% two-year bonds and €1 million of 1.8% two-year bonds.
The subscription for both issues will run from Nov. 26 through Dec. 2.
After the placement, the bonds will trade on the regulated market and be quoted on the Nasdaq Baltic Bond List by Nasdaq Riga, according a notice by the Riga, Latvia-based bank.
| Issuer: | Baltic International Bank
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| Issue: | Bonds
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| Offer period: | Nov. 26-Dec. 2
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| Settlement date: | Dec. 4
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| 2.1% bonds
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| Amount: | $2.9 million
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| Maturity: | Dec. 4, 2017
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| Coupon: | 2.1%
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| Price: | Par
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|
|
| 1.8% bonds
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| Amount: | €1 million
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| Maturity: | Dec. 4, 2017
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| Coupon: | 1.8%
|
| Price: | Par
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