Outcome of Subscription to AB Šiaulių Bankas Subordinated Bonds
Summary
On Friday, 17 May 2024, the subscription period for AB iauli Bankas Tier 2 subordinated bonds ended. Almost 3,000 investors have submitted orders to subscribe to bonds worth EUR 97.2 million resulting in an oversubscription of 3.9 times the issue volume. "Retail investors have been interested in iauli Bankas debt securities recently, so the time for opportunity has come. institutional investors), who placed subscription orders through other financial intermediaries in amount above minimum threshold no bonds were allocated; Institutional investors were allocated EUR 2.2 million in total or 8.7% of the total issue; The number of bonds with decimal places was rounded to the previous whole number. Under the new Tier 2 subordinated bond programme, approved on 23 April 2024, it is possible to increase the issue volume up to EUR 100 million.