By Sarah Lizee
Olympia, Wash., May 22 AS LHV Group said it issued 15 million of 9½% additional tier 1 perpetual bonds at par in an oversubscribed public offering.
As previously reported, the bank planned to issue 10 million of the perpetual bonds, and, following the May 20 to May 22 subscription period, LHV increased the issue size to 15 million.
The issue was oversubscribed more than two times by a total of 29 investors in the sum 23 million. The issuer did not satisfy subscription undertakings exceeding the 15 million volume.
According to a previous release, the bonds will be redeemable in part or in full as of May 26, 2025.
The bank is based in Tallinn, Estonia.
| Issuer: | AS LHV Group
|
| Issue: | Additional tier 1 perpetual bonds
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| Amount: | 15 million
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| Maturity: | Perpetual
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| Coupon: | 9½%
|
| Price: | Par
|
| Call: | In part or in full as of May 26, 2025
|
| Announcement date: | May 22
|
| Settlement date: | May 26
|
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