Outcome of Subscription to LHV Group AT1 Bonds
November 28 2022 - 1:00AM
Outcome of Subscription to LHV Group AT1 Bonds
The offering of additional Tier 1 temporary write-down notes
(AT1 bonds) to financial institutions and well-informed investors
with a larger investment portfolio ended on 25 November. As the
initial issue volume of EUR 10 million was oversubscribed nearly
more than 2.5 times by a total of 38 investors in the sum EUR
24.9 million, LHV Group used its right to increase the issue volume
to EUR 20 million. The subscription orders exceeding the EUR 20
million volume were not satisfied.
LHV Group is the largest domestic financial group and capital
provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV
Varahaldus, and LHV Kindlustus. The Group employs more than 860
people. As at the end of October, LHV’s banking services are used
by 369,000 clients, the pension funds managed by LHV have 130,000
active clients, and LHV Kindlustus protects a total of
150,000 clients. LHV’s UK branch offers banking infrastructure
to 200 international financial services companies, via which LHV’s
payment services reach clients around the world.
Priit RumCommunication ManagerPhone: +372 502 0786Email:
priit.rum@lhv.ee
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