FINAL TERMS OF THE FIRST SERIES OF SUBORDINATED BONDS OF THE OFFER PROGRAMME OF JSC RIETUMU BANKA DENOMINATED IN EUR ISIN: LV

Transcription

1 FINAL TERMS OF THE FIRST SERIES OF SUBORDINATED BONDS OF THE OFFER PROGRAMME OF JSC RIETUMU BANKA DENOMINATED IN EUR ISIN: LV June 20,

2 Part A ISSUE DETAILS AND CONDITIONS Terms and abbreviations used herein shall correspond to the terms and abbreviations defined in the Prospectus. This document contains the Final Terms of the Bonds, which are drawn in accordance with the Prospectus and the Article of the Law. Investors should read these Final Terms in conjunction with the Prospectus as so supplemented. Full information on the Issuer, the Bonds, the risks associated with the investments into the Bonds, the procedure of the offer and placement of the Bonds as well as other information which shall be provided pursuant to the Applicable Law is only available on the basis of the combination of these Final Terms and the Prospectus as so supplemented. The Final Terms are submitted to FCMC by the Issuer. The Final Terms are approved by the decision of the Executive Board of the Issuer, dated as of June 20, 2012, Minutes No. 24. The Prospectus and the supplements of it (if any) are available for viewing in the digital format on the web page of the Issuer 1. Issuer: Joint Stock Company Rietumu Banka 2. Series Number: EURSB-1 3. Specified Currency: Euro (EUR) 4. Total nominal value: EUR 10,000,000 (ten million euro) 5. Number of the Bonds: 200 (two hundred) 6. Issue (Sale) Price of the Bonds: (hundred per cent.) of the nominal value 7. Nominal value of one Bond: EUR 50,000 (fifty thousand euro) 8. (i) Issue Date: (ii) Interest income Commencement Date: 9. Maturity Date: Date of Early Redemption/Call Option: September 7, 2012 Issue Date September 7, 2019 September 7, 2017 and the following interest payment dates 10. Interest Basis: 7.00 (seven) per cent. Fixed Rate 11. Redemption: Redemption at par 12. Put/Call Options: Call Option 13. Form of Collateral: Subordinated 14. Method of distribution: Public Offering 2

3 PROVISIONS RELATING TO INTEREST PAYABLE 15. Fixed Rate Bond Provisions: (i) Rate of Interest: (ii) Interest Payment Date (-s): (iii) Interest Income Amount: (iv) Day Count Fraction: (v) Interest Income Record Date (-s): 7.00 (seven) per cent. per annum payable semiannually in arrears March 07 and September 07 in each calendar year commencing on March 07, 2013 up to and including the Maturity Date. If the interest income payment date falls on a day off or a public holiday, payment of the income is made on the Business Day following the day off or the public holiday. Interest for the above-mentioned days off or public holidays are neither calculated nor paid EUR 1,750 (one thousand seven hundred fifty euro) per one Bond on each Interest Payment Date 30E/360 8 (eight) Business Days before the date of interest payment PROVISIONS RELATING TO REDEMPTION 16. Issuer Call (the right of the Issuer to execute early redemption of the Bonds owned by the Investors): (i) Early Redemption Date (-s): (ii) Early Redemption Amount(s) and method, if any, of calculation of such amount(s): (iii) Notification period: The Issuer has the right to execute Early Redemption of the Bonds owned by the Investors on the interest payment date, but not earlier then on September 7, Early redemption is performed for the entire volume of the Series, partial early redemption of the Series is impossible. Notification about early redemption is performed pursuant to the procedure stipulated by the p. 6.1 of the Prospectus September 7, 2017 and the following interest payment dates EUR 50,000 (fifty thousand euro) per one Bond Pursuant to the p. 6.1 of the Prospectus 17. Investor Put: Not Applicable 18. Final Redemption Amount: EUR 50,000 (fifty thousand euro) per one Bond Early Redemption Amount: EUR 50,000 (fifty thousand euro) per one Bond 3

4 GENERAL PROVISIONS APPLICABLE TO THE BONDS 19. Form of Bonds: (i) Type of Security: (ii) Category of Security: Bearer Bond No restriction for alienation 20. Availability to amend the nominal value: Not Applicable DISTRIBUTION (PRIMARY PLACEMENT) 21. Name of a relevant Dealer: Public Offering and distribution are performed by the Issuer - JSC Rietumu Banka 22. Starting date of the Primary Placement: June 25, Finishing date of the Primary Placement: August 24, Date of the Final Settlement: September 7, Order Submission Procedure: The procedure of the Primary Placement is defined in p. 6.2 of the Prospectus. The Orders within the term of the Primary Placement are submitted by the Investors, who are the clients of the Bank according to the following procedure: i. In person submitting a hard copy during the Business Days and business hours of the Issuer, passing through all necessary procedures of Bank s client identification; ii. Through the Internet Bank using of applicable electronic form of the Order and passing through all necessary procedures of Bank s client identification; iii. Through fax or submitting completed, signed off and scanned copy of the Order form and passing through all necessary procedures of Bank s client identification. The fax number and the address for the Order submission: Fax Number: ; address: dcm@rietumu.lv. If the Order is being submitted by a credit institution/an investment brokerage firm then the submission of the Order is only possible when the authorized representative of the entity make it in person. The Order is submitted in hard copy during the Business Days and business hours of the Issuer, passing through all necessary procedures of identification. 4

5 Additional information about the submission of the Orders as well as other information related to the issue of the Bonds is available by contacting the Issuer through the following communication channels: Phone number: ; Information on the Primary Placement results: Information on the Primary Placement results will be published on the Issuer s Internet page: straight away as of the completion of the final settlement These Final Terms comprise the information and details required for issue and admission to trading on the Regulated Market of NASDAQ OMX Riga Stock Exchange of the Subordinated Bonds described herein pursuant to the EUR 50,000,000 (fifty million euro) Subordinated Bonds Offer Programme of JSC Rietumu Banka. 5

6 PART B OTHER TERMS 1. INCLUDING IN THE REGULATED MARKET Listing and admission to trading: 2. RATINGS Ratings: The Issuer is planning to include the issued and placed Bonds in the regulated market organized by NASDAQ OMX Riga. For this, the Issuer will forward the required documents within 3 (three) months from the finishing date of the Primary Placement of the First Series in conformity with the procedure stipulated by the Applicable Law Nether the Bond Issue nor the Issuer are currently rated by any international or local rating agencies 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save as written in the p of the Prospectus, so far as the Issuer is aware, no person involved in the Primary Placement of the Bonds has an interest material to the offer 4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS (i) Reasons for the Offer: (ii) Use of the Proceeds: (iii) Estimated proceeds: to increase the Issuer s subordinated capital to diversify the Issuer funding base to improve Issuer s liabilities term structure the net proceeds of the issue of Subordinated Bonds will be used for the general corporate purposes, including increase of the Issuer s loan portfolio EUR 10,000,000 (ten million euro) 5. YIELD Indication of Yield: (i) Yield to Maturity: (ii) Yield to Call: 7.00 (seven) per cent. per annum 7.00 (seven) per cent. per annum As set out above, the yield is calculated at the Issue Price. It is not an indication of future yield 6

7 6. OPERATIONAL INFORMATION ISIN: Clearing and custody: LV LCD APPENDICES: 1. The Order form (Bank s clients) in English in 2 pages The Order form (credit institutions/investment brokerage firms) in English in 2 pages. 7