2005.11.24, Latvijas Hipotēku un zemes banka, RIG

Mortgage and Land Bank of Latvia                                24.11.2005



Announcement of Significant Event 



Herewith the state-owned JSC “Mortgage and Land Bank of Latvia” (hereinafter 

referred to as the Mortgage Bank) informs that the shareholders’ meeting of 

the Mortgage Bank held on 23 November 2005 (Minutes No 4 of the 

shareholders’ meeting) decided to:



issue, express the public offering and include in the regulated market 

the mortgage bonds in the amount of EUR 50,000,000 (fifty million euros) 

on the following conditions:



·	the total amount of the mortgage bonds to be issued may be split 

in several series;

·	the maturity of each series may not exceed 10 years;

·	the offering may be expressed from 1 January 2006 till 

31 December 2006. 





I. Feiferis

Chairman of the Board of the 

Mortgage Bank





Prepared by Mr. Henkels telephone: +371 7774050