Advising LHV Group AS in relation to the public offer, listing and admission to trading of subordinated bonds

Our Partner Gerli Kilusk, Senior Associate Helen Ratso and Associate Kerstin Jürgenson are advising LHV Group in relation to the public offer, listing and admission to trading of subordinated bonds. In total 16,000 subordinated bonds with a nominal value of 1,000 euros will be offered.
 
LHV offers publicly up to 16,000 subordinated bonds under the name of “LHV Group subordinated bond 28.11.2028” with the nominal value of 1,000 euros, an interest rate of 6.0% per annum and maturity date 28.11.2028. The Company has the right to increase the offering volume until the issue date by EUR 4 million and issue up to 4,000 additional subordinated bonds as a result of which the total number of the bonds offered may be up to 20,000 and the total volume of the offering up to EUR 20 million. The public offering is carried out only in Estonia.
 
The offering is the first part of LHV’s previously approved bond program. Under the program, LHV intends to issue subordinated bonds in a total volume of up to EUR 45 million in the course of several issues.
 
Read more HERE.