Nasdaq Welcomes LHV Group Bonds to Nasdaq Baltic Market

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, October 6, 2015 – Nasdaq (Nasdaq: NDAQ) announces that subordinated bonds issued by LHV Group in 2014 were listed on the Baltic Bond List by Nasdaq Tallinn as of October 5, 2015. At the same time, LHV Group announced public offering of new, retail-oriented subordinated bonds that will be listed in the beginning of November 2015, provided the offering is successful and listing conditions are met.

The existing subordinated bonds were issued in June 2014 and will mature on June 20, 2024. The size of the bond issue is EUR 15.9 million. The bonds have a nominal value of EUR 50,000 and carry an annual interest rate of 7.25% which is paid out quarterly.

LHV Group is the largest domestic financial group and capital provider in Estonia that is currently holding 1.7 billion euros of Estonian assets. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. Read more: https://www.lhv.ee/en/emission/

“We are glad to see that one of the most devoted enthusiasts of promoting the development of the Estonian capital market, LHV Group, has entered the public securities market,” said Rauno Klettenberg, Head of Nasdaq Tallinn.

"Becoming a public company has been part of our long-term plan, and bond listing is an important step for us to take prior to listing the shares of LHV Group on the stock exchange," said Erkki Raasuke, the Managing Director of LHV Group. "LHV Group is offering bonds first and foremost to the Estonian retail investors. We want to provide a unique and high-quality opportunity to every Estonian investor to get part of LHV's growth story."

The subscription period for the new subordinated bonds of LHV Group started at 12 PM (EET) on October 5 and ends at 17 PM (EET) on October 26, 2015. The subscription price of the bond is EUR 1000 which equals the nominal value of the bond. The size of the offering is EUR 10 million, but LHV Group has the right to increase the offering size up to EUR 15 million in case of over-subscription. The annual interest rate of the bonds is 6.5% which is paid out quarterly. The bonds will mature on October 29, 2025.


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