On the new issue of unsecured subordinated bonds

October 26, 2020

On October 5, 2020, AS BlueOrange Bank Management Board approved the terms of the new issue of unsecured subordinated bonds in the amount of EUR 10 million. The issuance is expected to be qualified as Additional Tier 1 capital instruments.

On October 19, 2020, the new issue was registered with the Nasdaq CSD depository.

BlueOrange Bank is launching a private placement, and the bonds will be offered to institutional and professional investors. The Bank plans to issue the bonds in the total nominal value of up to 10 million EUR, with a face value of EUR 100,000 and annual interest rate of 10%.

The proceeds will be used to increase volumes of lending. The issue price is approved at 100% of the nominal value of the bonds.

More information on the offer of subordinated bonds of BlueOrange:

Deniss Makedonskis,
BlueOrange Brokerage Services Department
Phone +371 67034222