Riga, Latvia, 2018-06-18 07:19 CEST (GLOBE NEWSWIRE) -- According to the Liquidation Plan approved by the Financial and Capital Market Commission, ABLV Bank, AS, the bank in liquidation, has made a decision:
- As of 23.59 of 12 June 2018 to suspend interest accrual for the straight bonds issued by ABLV Bank, AS;
- To carry out entry of the accounted, but not disbursed amount of coupon of the straight bonds issued by ABLV Bank, AS as at 23.59 of 12 June 2018 to a separate account.
On 14 June 2018, there was an entry of the accounted, but not disbursed coupon amount carried out to a separate account for all holders of the straight bonds issued by ABLV Bank, AS, based on the following conditions:
| ISIN | Series (Programme) | Coupon Period | Coupon rate |
| LV0000802072 | ABLV FXD USD 110718 | 11.01.2018 – 12.06.2018 | 1.85% |
| LV0000802080 | ABLV FXD EUR 110718 | 11.01.2018 – 12.06.2018 | 0.70% |
| LV0000802163 | ABLV FXD USD 311018 | 30.04.2018 – 12.06.2018 | 1.85% |
| LV0000802171 | ABLV FXD EUR 311018 | 30.04.2018 – 12.06.2018 | 0.70% |
| LV0000802239 | ABLV FXD USD 270219 | 27.02.2018 – 12.06.2018 | 2.25% |
| LV0000802247 | ABLV FXD EUR 270219 | 27.02.2018 – 12.06.2018 | 0.75% |
| LV0000802270 | ABLV FXD USD 030719 | 03.01.2018 – 12.06.2018 | 2.25% |
| LV0000802288 | ABLV FXD EUR 030719 | 03.01.2018 – 12.06.2018 | 0.75% |
| LV0000802320 | ABLV FXD USD 271019 | 27.04.2018 – 12.06.2018 | 2.15% |
| LV0000802338 | ABLV FXD EUR 271019 | 27.04.2018 – 12.06.2018 | 0.95% |
The accounted, but not disbursed bond coupon amounts are entered to the specially opened client accounts “ABLV FXD bond coupon payments” with ABLV Bank, AS. At the moment of entry of the coupon amount, the bank has withheld the income tax in accordance with the provisions of the Law On Personal Income Tax and the Law On Enterprise Income Tax.
For the investors holding their bonds with other securities custodians (not ABLV Bank, AS) the bank has carried out entry of the accounted, but not disbursed coupon amounts to the specially opened accounts in the bank’s accounting system.
The bondholders will be able to receive their funds under the procedure of satisfying the creditors’ claims in accordance with the provisions of the Law of the Republic of Latvia On Credit Institutions.
Artūrs Eglītis ABLV Group Communications Leader ABLV Bank, AS Tel.: +371 6700 2454 e-mail: arturs.eglitis@ablv.com
