Skip to main content

Issuing additional Tier 1 own funds

Written by Customer Service on . Posted in Public Companies.

AS LHV Group will organise a private placement of additional Tier 1 own funds to financial institutions and proficient investors with a larger investment portfolio at the end of May. Due to the complexity of the AT1 bond, the instrument will not be put on public offer.
Subscription of AT1 bonds will take place from 20 May to 22 May. 100 bonds with a nominal value of 100,000 euros and an interest rate of 9.5% will be offered. LHV has the right to increase the issue size to up to 15 million euros, i.e issue up to 50 additional AT1 bonds as a result of which the total number of the bonds offered may be up to 150. The AT1 bonds represent an unsecured debt obligation of LHV before the investor. The bonds are perpetual. After receiving permission from the Financial Supervision Authority, LHV will have the right to redeem the AT1 bonds in part or in full as of 26 May 2025. The bonds will be offered at a price of 100,000 euros per one bond.In order to subscribe for AT1 bonds, the investor notifies AS LHV Group of the amount of AT1 bonds to be subscribed and transfers the issue price of AT1 bonds to the issuer’s account no later than 22 May, by which the AT1 bonds are considered subscribed. After receiving the issue price of AT1 bonds to the account of AS LHV Group, the issuer shall transfer the AT1 bonds to the securities account of the AT1 bondholder on or about 26 May.LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 460 people. LHV’s banking services are used by 219,000 clients, and pension funds managed by LHV have 178,000 active clients. Priit Rum
Communication manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.