Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
New loan issues
Unique data record identifier
9047
Submission date and time
02.09.2021 08:00:00
Content of announcement in Estonian
Title
LHV Group emiteeris 100 miljoni euro väärtuses võlakirju
Message
AS LHV Group emiteeris 100 miljoni euro ulatuses tagamata (senior unsecured, unsubordinated) võlakirju. Võlakirjade tähtaeg on 4 aastat, emitendil on võlakirjade tagasiostuõigus 3 aastat peale väljalaske kuupäeva. Võlakirjad emiteeriti regulatiivsete nõuete täitmiseks (nn MREL suhtarv). Tagamata võlakirjad müüdi institutsionaalsetele investoritele. Pakkumises osales 28 investorit ja pakkumise maht märgiti täis 1,4-kordselt. Märkimisavaldustest 48% pärines Põhjala ja Balti riikidest, 16% Hispaaniast, 14% Saksamaalt, 14% Ühendkuningriigist ning 9% muudest Euroopa riikidest. Võlakirju emiteeriti marginaaliga 140 baaspunkti üle mid-swapi määra. Kokku kujunes võlakirjade intressikuluks 0,967%. Võlakirjade kupongimäär, mis makstakse iga-aastaselt investoritele, on 0,875%. "Võlakirjaemissiooni näol on tegu AS-i LHV Group esimese kapitali kaasamisega rahvusvahelistel kapitaliturgudel. Emissiooni eesmärk on eelkõige regulatiivsete nõuete täitmine, mis näevad ette, et LHV Group peab osa oma rahastust kaasama lisaks hoiustele ka muudest allikatest. Otsustasime korraldada emissiooni laiemale rahvusvaheliste investorite ringile, sest arvestades LHV ärimahtude kasvu on vaja kaasata rahastust ka väljastpoolt Eestit," kommenteeris LHV treasury juht Kadri Haldre. Võlakirjad plaanitakse noteerida Euronext Dublini börsil. LHV Groupi kui pikaajaliste võlakohustuste emitendi krediidireiting on Baa3 positiivse väljavaatega (Moody's). Ka võlakirjade oodatav reiting on Baa3. LHV Panga hoiuste krediidireiting on Baa1 positiivse väljavaatega (Moody's). LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus. LHV-s töötab üle 620 inimese. LHV pangateenuseid kasutab 290 000 klienti, LHV hallatavatel pensionifondidel on 174 000 aktiivset klienti ja LHV Kindlustusega on kaitstud 132 000 klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 160 rahvusvahelisele finantsteenuste ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve maailma. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Group issues EUR 100 million of senior unsecured bonds
Message
AS LHV Group completed an issue of 100 million euros of senior unsecured, unsubordinated bonds. The bonds were issued with four years maturity, with issuer's optional redemption date after three years. The bonds were mainly issued in order to comply with regulatory MREL requirements. The senior unsecured bonds were offered to institutional investors. In total 28 investors participated in the offering and the issue was 1.4 times oversubscribed. Out of total order book 48% was received from Nordic and Baltic investors, 16% from Spain, 14% from Germany, 14% from the UK and 9% from other European countries. The bonds were issued at a spread of 140 basis points over the mid-swap rate. Total re-offer yield of the bonds was 0.967%. The coupon rate of the bonds payable to investors is 0.875%. "The issue of the bonds today is the first time that AS LHV Group has tapped international capital markets. The goal of the issue was mainly to comply with regulatory requirements, which prescribe that part of the group's funding structure should be composed of other eligible liabilities, in addition to deposits. We have decided to target a wider range of international investors with the offering. Taking into consideration the growth of LHV's business that we have seen, we need to approach international markets for funding," commented Kadri Haldre, Head of Treasury of LHV. The bonds are expected to be listed on Euronext Dublin. LHV Group's issuer rating from Moody's is Baa3 with a positive outlook. The bonds are expected to be rated Baa3. LHV Pank's deposits rating from Moody's is Baa1 with a positive outlook. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. LHV employs over 620 people. LHV's banking services are used by 290,000 clients, the pension funds managed by LHV have 174,000 active clients, and LHV Kindlustus protects a total of 132,000 clients. LHV's UK branch offers banking infrastructure to 160 international financial services companies, via which LHV's payment services reach clients around the world. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])