AS LHV Group (hereinafter LHV) hereby announces a public offering of LHV’s subordinated bonds. The offering is conducted on the basis of the prospectus registered by the
This is the first issue of the subordinated bonds, in the amout of up to
Main terms of the offering
LHV offers publicly up to 25,000 subordinated bonds of LHV „EUR 10.50
The subscription period for the bonds will start on
A subordinated bond represents an unsecured debt obligation of LHV before the investor. The subordination of the bonds means that upon the liquidation or bankruptcy of LHV, all the claims arising from the subordinated bonds shall fall due and shall be satisfied only after the full satisfaction of all unsubordinated recognised claims in accordance with the applicable law. Among other things, with subordinated bonds, the risk of conversion of liabilities and claim rights (bail-in risk) must be considered.
Timetable of the offering
Start of the subscription period for the subordinated bonds | |
End of the subscription period for the subordinated bonds | |
On or about 27.09.2023 | Disclosing the allocation results of the subordinated bonds |
On or about | Transfer of the subordinated bonds to investors’ securities accounts |
On or about | Expected listing of the subordinated bonds and admission to trading on the regulated market operated by Nasdaq Tallinn AS (on the Baltic Bond List of the |
Submitting subscription undertakings
In order to subscribe for the subordinated bonds an investor has to submit, during the subscription period, a subscription undertaking to the custodian who holds the investor’s securities account opened at Nasdaq CSD SE, with the format accepted by the custodian and in accordance with the prospectus and offer conditions. The subscription undertaking must be submitted before the end of the subscription period. The investor may use any method that such investor’s custodian offers to submit the subscription undertaking (e.g., physically at the client service venue of the custodian, over the internet or by other means). The subscription undertaking will be forwarded to Nasdaq CSD SE.
Listing and Admission to Trading of Subordinated Bonds
LHV intends to submit an application to Nasdaq Tallinn AS for the listing and admission to trading of the LHV’s subordinated bonds on the Baltic Bond List of the
While every effort will be made and due care will be taken in order to ensure the listing and the admission to trading of the subordinated bonds, LHV cannot ensure that the subordinated bonds will be listed and admitted to trading.
Availability of Prospectus and Terms of the Offering
The Prospectus has been published and can be obtained in electronic format from LHV’s website https://investor.lhv.ee and from the website of the Financial Supervision Authority https://www.fi.ee. Additionally, the Estonian translation of the Prospectus has been disclosed and made available together with the Prospectus on the LHV website https://investor.lhv.ee and is also available through the information system of
Before investing into LHV’s subordinated bonds we ask you to acquaint yourself with the prospectus, the terms and conditions of the bonds, the final terms of the first issue and if necessary consult an expert.
Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee
Important information:
This notice is an advertisement for securities within the meaning of the Regulation No 2017/1129/EU of
Attachments
- Prospectus_EN
- Terms_and_conditions_of_subordinated_bonds_EN
- Final_terms_of_first offering_and summary of prospectus_EN
- Prospekti tõlge_ET
- Allutatud võlakirjade tingimused_ET
- Esimese pakkumise lõplikud tingimused koos prospekti kokkuvõttega_ET
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