The size of the Šiaulių Bankas bond issue is EUR 20 million. Each bond has a nominal value of EUR 100 and a coupon rate of 0.60% with interest paid once a year. The bonds mature on December 21, 2020. Issue terms give the issuer the right of redemption when less than 12 months remain until that date. Šiaulių bankas issue is the tenth bond issue admitted to the Nasdaq Baltic Bond list this year.
“We are pleased to welcome Šiaulių Bankas - the company whose shares are among the most liquid on the Baltic stock market to the Nasdaq Baltic Bond list,” says Saulius Malinauskas, President of the Nasdaq Vilnius exchange. “Šiaulių Bankas, is an issuer with lengthy listing history, who continues to successfully offer securities on the public market. We look forward to future successful cooperation.”
“We value investors' trust in enabling further successful use of the capital market to diversify sources of financing. Being on the Baltic Bond List reflects the liquidity of financial instruments and the transparency of trading in them, which we see as the foundation of our relations with investors,” says Vytautas Sinius, the CEO of Šiaulių Bankas.
Founded in 1992, Šiaulių Bankas is a consistently and steadily growing financial institution with a diversified shareholder base. The bank’s largest shareholder is the European Bank for Reconstruction and Development (EBRD), which owns 18.24% of its shares. Šiaulių Bankas provides universal financial services with a focus on corporate and consumer financing solutions. The bank serves customers at 63 customer service outlets in 38 cities and towns throughout Lithuania.
Šiaulių Bankas shares have been traded on Nasdaq Vilnius since 1994. In December 2006 shares were upgraded to the Main List. In 2017 Šiaulių Bankas shares had the largest turnover on the Nasdaq Baltic market, and this year company shares are among five most actively traded. For more information see: www.sb.lt
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