Advising LHV Group AS in relation to the public offering of additional subordinated bonds

Our Partner Gerli Kilusk and Associate Kadi Sink are advising LHV Group in relation to the public offering of additional subordinated bonds.
 
LHV offers publicly up to 15,000 additional subordinated bonds of LHV under the name of ”LHV Group subordinated bond 28.11.2028” with the nominal value of EUR 1,000, interest rate offered to the investor 6.0% per annum and maturity date 28.11.2028. LHV has the right to increase the offering volume until issue date by EUR 5 million and issue up to 5,000 additional subordinated bonds as a result of which the total number of the bonds offered in the course of the public offering may be up to 20,000 and the total volume of the offering may rise 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.