AS LHV Group will organise a private placement of additional Tier 1 own funds to
financial institutions and proficient investors with a larger investment
portfolio at the end of May. Due to the complexity of the AT1 bond, the
instrument will not be put on public offer.
Subscription of AT1 bonds will take place from 20 May to 22 May. 100 bonds with
a nominal value of 100,000 euros and an interest rate of 9.5% will be offered.
LHV has the right to increase the issue size to up to 15 million euros, i.e
issue up to 50 additional AT1 bonds as a result of which the total number of the
bonds offered may be up to 150. The AT1 bonds represent an unsecured debt
obligation of LHV before the investor. The bonds are perpetual. After receiving
permission from the Financial Supervision Authority, LHV will have the right to
redeem the AT1 bonds in part or in full as of 26 May 2025. The bonds will be
offered at a price of 100,000 euros per one bond.
In order to subscribe for AT1 bonds, the investor notifies AS LHV Group of the
amount of AT1 bonds to be subscribed and transfers the issue price of AT1 bonds
to the issuer's account no later than 22 May, by which the AT1 bonds are
considered subscribed. After receiving the issue price of AT1 bonds to the
account of AS LHV Group, the issuer shall transfer the AT1 bonds to the
securities account of the AT1 bondholder on or about 26 May.
LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV
employs over 460 people. LHV's banking services are used by 219,000 clients, and
pension funds managed by LHV have 178,000 active clients.
Priit Rum
Communication manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee
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