Capitalia issues new secured bonds

08.11.2016

mintosblog

Capitalia has made decision to start new secured bond emission with the subscription period until November 30, 2016.

Capitalia has made decision to start new secured bond emission with the subscription period until November 30, 2016. The closed bond emission will be for the total amount of EUR 500 000 with nominal value of each bond set at EUR 1 000 and maturity October 25, 2019. Bonds are secured with pledge on all assets of JSC Capitalia and will offer to investors 6% coupon rate, paid quarterly. Bonds are issued to diversify financing sources of the company as well as to accelerate lending to small and medium sized businesses. In addition, Capitalia plans to increase the security of publicly listed bonds with ISIN code LV0000801488 by registering a secondary asset pledge for the benefit of the bondholders.

This news release was distributed by GlobeNewswire, www.globenewswire.com – a Nasdaq company.

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