Coupon rate on JSC “Akciju komercbanka “Baltikums”” notes ISIN LV0000800407
August 21, 2007 OMX
On August 14, 2007 JSC JSC “Akciju komercbanka “Baltikums”” discovered that
there was an error in selecting of the coupon rate resetting date for the third
coupon period for bonds with ISIN LV 0000800407. Therefore, on August 14, 2007
the Bank made the decision and corrected the coupon rate for the third coupon
period (from August 2, 2007 to November 1, 2007) from 7.252% p.a. to 7.260%
p.a.as the coupon resetting date was corrected from July 30, 2007 to July 31,
According to the terms of the issue, the coupon rate is set for each interest
calculation period. The coupon rate is based on 3 (three) month EURIBOR rate,
which is fixed on the coupon rate determination date, plus 3% p.a. According to
Bank of Latvia, 3 month EURIBOR rate on 31 July 2007 was 4.260% p.a.
On 2 August 2007 JSC “Akciju komercbanka “Baltikums”” set the coupon rate for
the second coupon period (from 2nd May, 2007, till 1th August, 2007) on its
notes at 7.005 % p.a. The second payment of the coupon at the rate of 7.005%
p.a. will take place on 02 Augusts 2007.
Company — Baltikums Luxembourg S.A.
Full nameBaltikums Luxembourg S.A.