Šiauliu bankas AB has successfully completed a 10-year subordinated bond issue with a nominal value of EUR 50 million in the international financial markets, which will bear a coupon of 10.75%. Subordinated bonds are included into the bank's Tier 2 capital, so having a larger capital base will give the Bank more scope for sustainable growth and higher returns to shareholders. The bonds were issued with the issuer's right of early redemption after five years, on 22 June 2028.

On this date, the Bank will have two options: to redeem the issued bonds early or to set a new coupon consisting of a fixed and a floating part (750bps + 5-year Mid-Swap Rate). The bonds issue date on 22 June 2023 and maturity date on 22 June 2033.