Bigbank AS bond public offering
Ellex partner in Estonia Gerli Kivisoo and Kadi Sink advised Bigbank AS on the public offering of its shares.
From January 31, 2023, 10:00 EET Bigbank AS bonds public offer subscription process is launched. The Subscription process closing date is February 10, 2023, 15:30 EET.
Up to 5 000 bonds are being publicly offered to investors in Latvia, Lithuania and Estonia. The offer price is 1000 EUR per one bond which is equal to the nominal value of a bond. The interest rate of the bonds is 8% per annum. In case of over-subscription, Bigbank has the right to increase the volume of the offering by up to 10,000 bonds and the offering may also be decreased by the amount unsubscribed.