Tuesday 19 December is the last day to participate in the public offering of bonds of the online trading provider Admiral Markets AS. Investors can be subscribe to the bonds through most commercial banks in Estonia, Latvia and Lithuania.
The €5m issue of subordinated bonds is targeted both to institutional and retail investors in the Baltics, according to the public offering and listing prospectus, registered by the Estonian Financial Supervision Authority.
Nasdaq Tallinn stock exchange has started the procedure of listing the bonds of Admiral Markets AS on the Baltic Bond List.
In total, Admiral Markets AS will issue 50,000 bonds for a price of €100 per bond. The bonds have an interest rate of 8% per annum and interest payouts will be made two times per year. The maturity date of the bonds is 28 December 2027, on which the issuer shall redeem all the bonds. The minimum amount of bonds the investor is able to subscribe to is 1. The subordinated bonds are offered for subscription by way of a public offering to retail as well as institutional investors.
To submit a purchase offer in Estonia, the investor must have a securities account opened with the Estonian Central Securities Depository through most commercial banks, which act as custodians in the central depository. To submit a purchase offer in Latvia and in Lithuania, the investor must submit a purchase offer via the respective market’s exchange members that include all major commercial banks.
The issue of bonds was advised by law firm TGS Baltic as the legal advisers.
For further information about the bond issue please visit the dedicated webpage:
For additional information:
Admiral Markets AS
Please note that the announcement should not be considered as investment advice, consultancy or other ancillary service. Before making the investment decision, Admiral Markets AS recommends you to consult with advisers.