Estonia’s LHV Group to prematurely redeem 2028 subordinated bonds

By Mary-Katherine Stinson

Lexington, Ky., Oct. 25 – AS LHV Group plans to prematurely redeem its 2028 subordinated bonds (ISIN: EE3300111558) on Nov. 28, according to a notice.

All 40,000 of the 2028 subordinated bonds under series 1 and 2 with a nominal value of €1,000 and total value of €40 million will be subject to premature redemption. As a redemption payment, the bondholders will receive the nominal value of their respective bonds along with any accrued interest up to the redemption date, which totals €1,015 per bond.

The redemption will be carried out under the terms and conditions of the first and second series of the bonds, which allows a premature redemption on or after Nov. 28.

The record date is Nov. 27.

The European Central Bank approved the redemption on Oct. 23.

LHV is a financial services company based in Tallinn, Estonia.

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