BluOr Bank launches public offering of bonds worth EUR 7 million
16 May 2022
On May 10, 2022, the Latvian Financial and Capital Market Commission approved the basic prospectus of BluOr Bank AS unsecured subordinated bonds programme. The total amount of the bank's subordinated bonds programme at face value is up to EUR 15 million.
BluOr Bank commences the initial public offering of unsecured subordinated bonds of the first tranche to investors in Latvia, Estonia and Lithuania. The offering period will last from May 16, 2022 - 10:00 AM to May 27, 2022 - 15:30 PM. BluOr Bank plans to issue the first tranche of 7-year unsecured subordinated bonds worth up to EUR 7 million.
The nominal value of each bond is EUR 1,000 and the interest rate is 7% per annum. The bonds will mature in 7 years. Interest payments on bonds will be made once every three months.
To find out more click here: https://www.bluorbank.lv/en/bluor-bank-launches-public-offering-of-bonds-worth-eur-7-million< Back to news