By Jennifer Chiou
New York, Jan. 29 - SC Parex Bank announced that shareholders approved a €175 million offering of two-year fixed-rate bonds with a coupon of 5% at a Friday meeting.
Settlement is slated for Feb. 15.
The bank will have an early repayment right on the bonds, which will be issued in several tranches.
Parex Bank is the third-largest bank in Latvia in terms of assets.
| Issuer: | SC Parex Bank
|
| Amount: | €175 million
|
| Issue: | Fixed-rate bonds
|
| Term: | Two years
|
| Coupon: | 5%
|
| Announcement date: | Jan. 29
|
| Settlement date: | Feb. 15
|
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