BluOr Bank AS public offering of subordinated bonds

Interest rate 7% per annum, maturity term 7 years

20 years of experience

Since 2001, our team has grown from 39 to 214 employees.

We began as a banking enterprise working with businesses in the Baltic States. We now offer our services to clients all over Europe.

100% Latvian bank

The shareholders of BluOr Bank AS are Latvian entrepreneurs.

In 2021, the bank was included in the top five systemically important banks in Latvia.

Bank for business

BluOr Bank’s strategic priority area of activity is the provision of services to companies and their financing.

Technological bank

We offer online banking, up-to-date trading platforms and an easy-to-use mobile app. Remote opening of a business account within 24 hours.

Stable development strategy


Total assets

Bank’s equity

Profit

Loan portfolio

Subscription period for the public offering of bonds:
from May 16, 2022 (at 10:00) to May 27, 2022 (till 15:30)

Public offering of subordinated bonds in the amount of EUR 7,000,000 issued by BluOr Bank AS



Issue name

EUR BLUOR BANK 7.00 SUBORDINATED BONDS 22-2029

Trading

NASDAQ Riga, Baltic debt securities list (regulated market)

Status

Unsecured subordinated bonds

ISIN

LV0000802569

Nominal value

EUR 1`000

Number of bonds offered

up to 7,000

Total issue size

up to EUR 7`000`000

Subscription period

from 16.05.2022 10:00 to 27.05.2022 15:30

Interest rate per annum

7.00%

Maturity date

01.06.2029

Base prospectus

Final terms

Summary of the prospectus 

Financial statements

Presentation

Webinar

Placement plan


  • May 16, 10:00

    Subscription period begins

  • May 27, 15:30

    Subscription period ends

  • by June 1

    Information about the subscription results

  • June 1

    Settlement date

  • June 2

    Plan to start trading bonds on Nasdaq Riga AS

  • June 1, 2029

    Bond redemption

BluOr Bank subordinated bonds


  • ISSUE SIZE

    As part of the program, BluOr Bank plans to issue the first 7-year issue of unsecured subordinated bonds in the amount of up to 7 million euros. The bank has the right to increase and decrease the amount of the tranche.

    The total amount of the BluOr Bank AS subordinated bonds program at face value is up to 15 million euros.

  • INTEREST RATE

    BluOr Bank AS bonds have a fixed interest rate per annum. Interest is paid once every three months.

  • DENOMINATION

    The nominal value of BluOr Bank AS subordinated bonds is EUR 1,000.

  • BONDS ARE SUBORDINATED

    Subordinated bonds are securities that give their owner the right to demand from the bank a predetermined interest income and repayment of the principal amount at maturity.

    BluOr Bank subordinated bonds are a complex financial instrument and not suitable for all investors.

    Subordinated bonds are a form of the bank’s capital, and the investor has no right to demand their repayment before the maturity of the bonds. Upon the liquidation or insolvency of the Bank, all the claims arising out of the subordinated bonds shall be satisfied only after the full satisfaction of all unsubordinated recognized claims against the Bank, but before the bank’s shareholders.

  • MATURITY

    The first tranche of BluOr Bank AS subordinated bonds has a maturity of 7 years and a maturity date of June 1, 2029.

  • TRADING ON THE STOCK EXCHANGE

    BluOr Bank plans to submit an application to list and admit to trading the Bonds on Nasdaq Riga Baltic Bond List.

    Immediately after the start of trading on Nasdaq Riga subordinated bonds will be free to buy and sell on the regulated market.

Frequently Asked Questions


A bond is a debt security on which the issuer undertakes to pay interest (coupon) and to pay the full value of the bond (redeem the bond) to the bondholder at a specified, later date, which is called the maturity date.

Bonds are offered to all individuals and legal entities (institutional and private investors) in Latvia, Lithuania, Estonia.

Additional bonds are offered to investors located in the member states of the European Economic Area.

The following persons may not participate in the offer are Russian or Belarusian nationals or natural person residing in Russia or Belarus. The latter shall not apply to nationals of a Member States of the European Union or natural persons holding a temporary or permanent residence permit in a Member State of the European Union. The Offering is also not addressed to Investors who are a legal person, entity or body established in Russia or Belarus. 

The issue prospectus is a document containing detailed information about the issuer and the securities issued by it.

If the issuer wishes to make a public offer of securities, the issuer shall prepare a prospectus for the issue, which is approved by the Financial and Capital Market Commission (FCMC).

The purpose of the issue prospectus is to provide investors with information about the issuer, to assist in a reasonable assessment of the company’s financial performance, development strategy, risk factors and other considerations that should be taken into account before investing in the company’s bonds.

The minimum investment amount is EUR 1,000

An investor wishing to purchase BluOr Bank bonds must submit a Bond Subscription Order at any time during the subscription period. A Subscription order can be submitted:

i) to the bank, which is a member of the Nasdaq Riga stock exchange and has access to the Genium INET bond trading system. The list of financial institutions which are members of the Nasdaq Riga is available on the exchange webpage.

ii) through its bank in Estonia, which is a member of the NASDAQ CSD depository with access to the Latvian securities settlement system. The investor must have a securities account opened with one of such banks. The list of financial institutions which are members of the Nasdaq CSD is available on the webpage.

iii) directly to BluOr Bank AS Brokerage Department. The investor must have a securities account opened with BluOr Bank.

iv) directly to one of the sales managers – Redgate Capital AS (Estonia), Signet Bank AS (Latvia), Evernord UAB FMI (Lithuania)

BluOr Bank bonds are scheduled to be included in Nasdaq Riga Baltic debt securities list.

An account with a bank or investment brokerage company where securities belonging to the investor are registered and stored.

The owner of the bond has the right to receive interest and the principal amount at maturity.

Base prospectus

The base prospectus is prepared in accordance with the European Commission Prospectus Regulation (EU) 2017/1129 and published on the website of the Financial and Capital Market Commission and on the website of BluOr Bank.

Before investing in bonds, please read the Base Prospectus of the issue, Summary, Final Terms, and the documents attached to the prospectus.

For further information: investor@bluorbank.lv

Important information

This information is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council.
This notice does not constitute an offer to sell or an invitation to purchase the bonds, nor is it a recommendation or advice on the initial public offering of the bonds.
BluOr Bank bonds are a complex financial instrument and are not suitable for all investors.