OREANDA-NEWS. August 22, 2008. With the aim to broaden the choice of savings services, Ukio bankas starts offering two bond issues in different currencies – the litas and the euro. The term of both bond issues is two years, the nominal value of one bond – LTL 100 or EUR 100, reported the press-centre of Ukio bankas.

Clients will have the chance to acquire bonds offered by Ukio bankas from 25 August until 25 September 2008. Having acquired fixed interest bonds in the litas their holders will earn 8 percent in annual interest per year. In the meantime 7 percent fixed annual interest will be paid on the bonds in the euro.

Bonds are one of the most reliable savings options because upon holding them to maturity the interest is payable without any additional conditions. Furthermore, the bondholders may at any time transfer the bonds to the third persons or offer for redemption on the early redemption dates set by the Bank.

“With the situation in stock markets being unstable Ukio bankas bonds are a perfect alternative to individuals seeking stable profitability. The bonds ensuring fixed returns under conditions of minimal risk are a proper financial solution for those who seek to diversify the risk of their portfolio or simply wish to safely employ their money,” Marius Arlauskas, director of Ukio bankas Financial Institutions and Fund Raising Department, said.

Another advantage of bond issues offered by Ukio bankas lies in the fact that the bond owners may sell their securities not only on the day of maturity but also earlier – at the end of each quarter. Thus, if short of funds, the clients will be able to use this option and offer bonds for early redemption without losing all the profit.

Bonds offered by Ukio bankas can be acquired in any branch or unit of the Bank or via the internet banking system Eta bankas. More information about the bond issues and likely risk of investment is available in the bonds prospectus in Ukio bankas branches or units as well as on the website www.ub.lt.