Šiaulių Bankas plans in the debt capital markets for 2024
06 Março 2024 - 11:00AM
UK Regulatory
Šiaulių Bankas plans in the debt capital markets for 2024
The Management Board has decided to initiate the
feasibility analysis and preparation process for raising funds in
the debt capital markets. With the goal of securing funds in 2024,
the bank plans to issue two bond offerings:
- New issue of subordinated bonds totalling EUR 25 million in the
first half of 2024.
- New bond issue, with a minimum value of EUR 250 million,
intended to redeem EUR 210 million in nominal value of bonds issued
in 2021 (ISIN LT0000405771), scheduled for the second half of
2024.
The purpose of the bond issuance is to fulfil
the minimum requirement for own funds and eligible liabilities
(MREL) set by the supervisory authority for the bank.
"We aim to meet the established requirements
optimally by maximizing the use of debt instruments and minimizing
the reliance on the bank's own funds. This approach allows us to
efficiently allocate equity capital for the bank's continued
growth, dividends, or the buyback of its own shares," said Tomas
Varenbergas, Head of Investment Management Division of Šiaulių
Bankas.
If decisions are made regarding a specific
transaction or if it is determined that additional disclosures are
required in accordance with current legislation, the bank will
issue additional notices.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@sb.lt
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