Šiaulių Bankas bonds with 7.7 % interest
Investment opportunity for 25 mln. Eur worth of bank bonds until May 17th.
Šiaulių Bankas subordinated bonds with 7.7 % annual interest
As part of the programme for the issue of subordinated Tier 2 bonds of up to EUR 100 million approved on 23 April 2024, Šiaulių Bankas is offering to the public a subordinated bond issue with a total nominal value of up to EUR 25 million, giving the opportunity to every private investor and company to invest in the bank’s securities.
The main terms of the bond issue:
| Total amount: | up to EUR 25 million |
|---|---|
| The placement takes place: | 2 May 2024, 9:00 a.m. to 17 May 2024, 3:30 p.m. (Lithuanian time) |
| Annual interest: | 7.7 per cent |
| Duration: | 10 years, with the possibility to redeem the bonds on the bank’s initiative, with the permission of the European Central Bank, 5 years after their issuance, and in other cases provided for in the terms of issue. Investors themselves do not have the right to request early redemption of the bonds. |
| Minimum investment amount: | EUR 1,000 (1 bond) |
| Interest payment: | quarterly |
| Subordination of bonds: | subordinated bonds are issued. This means that in the event of the bank’s bankruptcy or insolvency, all claims arising from the bonds would only be enforceable after all unsubordinated claims have been satisfied in accordance with the procedures set out in applicable law. In addition, in certain cases (e.g., when the bank faces a threat of insolvency or other crises), the competent authorities may, in accordance with the procedures laid down in the legislation of the Republic of Lithuania and the EU, apply rescue and loss mitigation measures to the bonds (e.g., reduce the value of the bonds, convert the bonds into other financial instruments, change the terms and conditions of the bonds, etc.). |
| Possible priority for the bank’s clients: | the bank may, in accordance with the principles set out in the Terms of the Bond Issue, give priority in the placement of the bonds to investors holding an account with Šiaulių Bankas on the last day of the Public Offering Period. |
Why choose Šiaulių Bankas?
- The largest and oldest independent bank with Lithuanian capital
- The most extensive branch network in Lithuania and the highest rated customer service quality
- Listed on Nasdaq, the main Baltic stock exchange, since 1994
- Equity capital: EUR 543 million*
- Total assets: EUR 4.8 billion*
- Loan portfolio: EUR 2.9 billion*
- Deposit portfolio: EUR 3.2 billion*
*31/12/2023 data
Why choose Šiaulių Bankas bonds?
- Reputation as a trusted bank (The international credit rating agency "Moody's" has given Šiauliai Bankas an investment grade long term lending rating of "Baa1")
- Higher interest rates than on deposits, higher investment risk
- Instrument with a fixed yield
- Priority can be given to the clients of Šiaulių Bankas – we appreciate your loyalty
The bonds are only available until 17 May, 3:30 p.m.
The bonds are only available until 17 May, 3:30 p.m.
How to buy
Please contact your bank in your own country for the purchase availability. Lithuanian residents please fill out this form and we will get back to you.
Documents
The public offering documents for the subordinated bond issue are available here:
- Base Prospectus (in English) (PDF)
- Final Terms of the Bonds (in English) (PDF)
- Summary of the Base Prospectus (in English) (PDF)
- Summary of the Base Prospectus (in Lithuanian) (PDF)
- Summary of the Base Prospectus (in Latvian) (PDF)
- Summary of the Base Prospectus (in Estonian) (PDF)
The above documents are also available, and copies thereof can be obtained, at the head office of Šiaulių Bankas (Tilžės g. 149, Šiauliai, Lithuania) and Šiaulių Bankas Vilnius Branch (Šeimyniškių g. 1A, Vilnius, Lithuania).
This announcement constitutes an advertisement of securities within the meaning of Regulation (EU) No 2017/1129 of the European Parliament and of the Council of 14 June 2017 and this announcement does not constitute an offer or invitation to acquire securities of the bank and does not relate in any way to such offer or invitation. The Prospectus is the only legally binding document containing information about the bank, the bonds, their public offering and admission to trading on a regulated market. The Prospectus is published on the Bank’s website (www.sb.lt), as well as at www.nasdaqbaltic.com and www.crib.lt.
The approval of the Prospectus by the Bank of Lithuania should not be considered as an inducement to acquire the bonds to be admitted to trading on a regulated market. Potential investors are advised to read the Prospectus before making an investment decision in order to understand the full range of potential risks and rewards associated with a decision to invest in the bonds. In addition, it should be noted that the Prospectus has been prepared in accordance with the requirements of Regulation (EU) No 2017/1129 and will serve as the basis for the public offering of the bonds in the Republic of Lithuania, the Republic of Latvia and the Republic of Estonia.
Please note that investing involves risk. The value of your investments can go up or down, and in some circumstances, you can lose all the money you have invested.
This announcement is not for distribution to news agencies in the United States of America or for dissemination in the United States, Canada, Japan, Australia or other locations where such dissemination is not appropriate. In certain jurisdictions, laws may restrict the right to distribute this announcement and other securities-related information. Persons to whom this announcement or other relevant information is made are required to make themselves aware of and comply with any such restrictions. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to persons in the United States unless such securities are registered under the Securities Act or permission has been obtained for an exemptive relief from the registration requirements under the Securities Act. The securities will not be offered to the public in the United States.