Results of the Offering of Bigbank AS AT1 Bonds
June 21 2024 - 9:30AM
Results of the Offering of Bigbank AS AT1 Bonds
The Management Board of Bigbank AS approved the
final allocation of the private placement of notes qualifying as
Additional Tier 1 (AT1) own funds of the bank, according to which,
496 notes with a nominal value of 10,000 EUR each are allocated to
a total of 52 investors. As the initial issue volume of EUR 3
million was oversubscribed by 1,960,000 EUR, Bigbank AS used its
right to increase the total issue volume to 4,960,000 EUR.
Bigbank AS (www.bigbank.eu) is a bank
based on Estonian capital focused on loans and deposits of private
and corporate customers, which, in addition to activities in
Estonia, has branches in Finland, Sweden, Latvia, Lithuania and
Bulgaria, and which also offers its products as a cross-border
service in Austria, Germany and the Netherlands. Bigbank AS balance
sheet exceeds 2.5 billion euros.
Argo KiltsmannMember of the Management BoardTelephone: +372 5393
0833E-mail: argo.kiltsmann@bigbank.eewww.bigbank.ee