RIGA, 21-Nov-2016 — /EuropaWire/ — We would like to present several innovations in our products and services implemented for our clients’ convenience. Those include first bond issues arranged for ABLV clients, new trading platform for performing futures transactions at stock exchanges, clients’ servicing calendar for 2017, and wider opportunities of SMS and e-mail notifications.
1. First bond issues arranged for ABLV clients
In June this year, our range of services was supplemented by a new one — ABLV group started offering full service under bond issues to our clients and cooperation partners.
Within the new service, at the end of this year, bond issues are planned to be performed for two our clients — Citadele bank and real estate holding company Baltic RE Group.
Under the first subordinated bond programme, Citadele bank plans to perform subordinated bond issue amounting up to EUR 40 million. The subscription to the first series of the bonds was started on 14 November 2016 and will last till 24 November 2016. The face value of one bond is EUR 10 000. The announced initial annual interest rate is fixed: 6.25% with coupon payment twice a year. The announced initial placement price is 100% of the face value. The issuer may change the coupon interest rate and the initial placement price within the subscription period, informing about final terms of the issue after the end of the subscription period. The planned bond issue date is 30 November 2016. The bonds maturity is 10 years, however the issuer is entitled to redeem those before maturity, starting from the fifth year after the issue date.
ABLV Bank is the advisor of the Citadele bank regarding the implementation of the First subordinated bond programme and the underwriter of the bond placement to the amount of EUR 20 million within the initial offer.
Whereas real estate holding company Baltic RE Group plans to perform straight bond issue amounting to EUR 4 million. The subscription to the bonds was started on 15 November 2016 and will last till 2 December 2016. The face value of one bond is EUR 1 000, and the annual interest rate is fixed: 6.15% with coupon payment twice a year. The initial placement price is 100% of the face value. The issue date is 12 December 2016, and the maturity date — 12 December 2020. The issuer is entitled to redeem the bonds before maturity, starting from the second year after the issue date.
ABLV Bank is the arranger of Baltic RE Group bond issue.
Bond issue is an alternative source of raising financing which allows a company to launch its development plans right away. The engagement of our bank as an arranger may vary depending on the requirements of a particular client. We can range from drawing up the issue prospectus to performing the issue, ensuring custody and accounting of the securities, rendering services under corporate events, and communicating with respective authorities.
Please note that the facts are for reference only and shall not be treated as investment advice, investment research, or a consultation on investment.
2. New trading platform for performing transactions at futures stock exchanges
We offer new trading platform QTrader to our clients willing to independently explore the trading opportunities provided by futures stock exchanges.
It is the electronic trading platform developed by CQG, Inc., which ensures direct access to the leading futures stock exchanges: Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX),Commodity Exchange, Inc. (COMEX), ICE Futures Europe Commodities.
QTrader is intended for investors having good understanding of financial markets and the experience of derivatives trading, as well as willing to make independent decisions and act promptly responding to the market changes.
QTrader is available as both the software to be installed on a computer and the Internet version, which can be easily used on mobile devices.
3. Clients’ servicing calendar for 2017
Caring about the convenience of clients, we have made the clients’ servicing calendar for the whole 2017.
The calendar contains client service exceptions due to holidays set by different countries and stock exchanges and is available on our website.
4. Wider opportunities of SMS and e-mail notifications
Under development of our Internetbank, we have improved the SMS and e-mail notifications in the ‘Settings’ section.
Now new form of setting SMS and e-mail notifications is available to the clients. The form enables the clients to easily choose the notifications to be received and the way of their receipt. The minimum amount debited or credited, the payment card authorization amount, up to two mobile phone numbers and two e-mail addresses for each account or payment card can be stated there.
Moreover, the possibility to receive free SMS and e-mail notifications about transactions in cash accounts of the financial instruments portfolio has been introduced as well. Thus, the clients will be able instantly obtain the information on the bond coupon or dividends credited to the account or the funds credited following the sale of financial instruments.
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296