OREANDA-NEWS. July 05, 2011. AB Bank SNORAS has finished publicly distributing the emission of one-year fixed 4 per cent interest bonds and has attracted LTL 20.49 million for the activity expansion, reported the press-centre of Bank SNORAS.

During the debt securities distribution, which ended on 30 June, Bank SNORAS distributed the total of 204,941 units of LTL 100 nominal value bonds with the fixed 4 per cent annual interest norm. The total nominal value of the emission seeks LTL 20.49 million. The bonds will be redeemed on 5 July 2012.

“The debt securities issued by Bank SNORAS with the fixed 4 per cent annual interest continue to remain attractive for investors, especially for natural persons,” says Remigijus Bartaska, the director of Bank SNORAS Investment Business Division. “The total of LTL 98.3 million were attracted for the activity expansion during the four bond emissions, the total of 4,100 legal and natural persons acquired the debt securities of the bank.”

Bank SNORAS was distributing the bonds emission according to the base prospectus of the programme on LTL 300 million medium duration bonds, which was approved by the Securities Commission. The new distributed bonds emission will not be included in the trade on the regulated market; however, if money is urgently needed, during the entire bonds validity period investors will be able to sell the bonds to the investment Bank “Finasta”, belonging to SNORAS group, which will be regularly posting indicative bonds redemption prices on the website www.finasta.com.

Bank SNORAS will soon start distributing new bonds again, they will be issued according to the base prospectus of LTL 500 million non-negotiable securities, which Securities Commission approved on 16 June this year.