Bigbank AS Launches Private Placement of Unique AT1 Bonds

Bigbank AS Introduces Additional Tier 1 Bonds

Bigbank AS is embarking on an exciting path by launching a private placement for Additional Tier 1 Temporary Write-Down Notes, also known as AT1 bonds. These bonds represent a sophisticated financial instrument, designed specifically for a select group of investors rather than the general public.

Details of the AT1 Bonds Offer

The subscription period for these AT1 bonds will be active from 11 November through 19 November. A maximum of 300 bonds, each with a nominal value of EUR 10,000, will be made available. However, Bigbank AS retains the flexibility to modify the issue volume based on market conditions or demand. One of the distinctive features of these AT1 bonds is their generous interest rate of 9% per annum, which will be paid quarterly to the investors.

Investment Requirements

Investors interested in acquiring these bonds will need to commit to a minimum investment amount of EUR 20,000, allowing them to purchase at least two bonds. These bonds are structured as perpetual, unsecured debt obligations, which means investors will not only receive regular interest payments but also have the long-term potential for returns.

Redemption Conditions

Under certain conditions governed by the Financial Supervision Authority, Bigbank AS has the option to redeem these AT1 bonds either in part or in full after five years from their issuance. This offer represents an excellent opportunity for investors looking for stable and substantial returns on their investments.

About Bigbank AS

Bigbank AS, a prominent commercial bank backed by Estonian capital, boasts over 30 years of experience in the financial sector. As of the latest reports, the bank holds total assets amounting to 2.7 billion euros and equity of 267.6 million euros. With a strong presence in nine countries, Bigbank serves a clientele of over 150,000 active customers and employs a dedicated workforce of over 500 individuals.

Credit Ratings and Investor Confidence

Investor confidence in Bigbank AS is reinforced by its credit rating agency assessment from Moody's, which has given the bank a long-term deposit rating of Ba1. Additionally, both its baseline credit assessment (BCA) and adjusted BCA have been rated at Ba2, illustrating a solid financial standing.

Contact Details for Interested Investors

For those intrigued by this opportunity and wishing to learn more about the AT1 bonds, Argo Kiltsmann, a member of the Management Board, is available to provide additional information. Interested parties can reach him at +372 53 930 833 or via email at Argo.Kiltsmann@bigbank.ee. Bigbank AS’s official website offers further insights into their financial products and services at www.bigbank.ee.

Frequently Asked Questions

What are Additional Tier 1 bonds?

Additional Tier 1 bonds are a type of financial instrument that banks can issue, which provides them with extra capital. They are often perpetual, meaning they do not have a set maturity date.

Who can invest in the AT1 bonds from Bigbank AS?

The AT1 bonds are targeted exclusively at selected investors, not available to the general public, ensuring that the offering is designed for sophisticated investors seeking unique opportunities.

What is the interest rate on these bonds?

These AT1 bonds carry an attractive interest rate of 9% per annum, providing a steady income source for investors.

How can investors contact Bigbank AS for more information?

Interested investors can contact Argo Kiltsmann, a member of the Management Board, at +372 53 930 833 or via email.

Where can I find more details about Bigbank AS?

For further information, you can visit Bigbank AS's official website at www.bigbank.ee.

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