OREANDA-NEWS. September 14, 2011. Bank SNORAS publicly distributes a new one-year bonds emission in litas and euros. Investors will be paid 4.5 annual interest for the debt securities, reported the press-centre of Bank SNORAS.   

“This year Bank SNORAS has already distributed six fixed interest bonds emissions and has attracted almost LTL 190 million for the activity expansion. As the investors' interest is increasing, just during the last two fixed interest bonds emissions the bank's debt securities for LTL 90.8 million were sold to natural and legal persons. Therefore, we do hope that investors will also be active this time while purchasing the new issued bonds of the bank,” says Modestas Keliauskas, the director of Bank SNORAS Corporate Business Division and the deputy chairman of the Board.

Bank SNORAS offers to investors 4.5 per cent annual interest for one-year (367 days') fixed interest bonds. The minimum investment amount is 500 litas or in euros. The debt securities being issued by the Bank will be distributed on 7 September – 2 October, and they will be redeemed on 4 October 2012.

The new distributed bonds emission of Bank SNORAS will not be included in trading on the regulated market; however, investors, as until now, will have the opportunity to sell the bonds to the investment Bank “Finasta”, belonging to SNORAS group, during the the entire bonds validity period. “Finasta” will be regularly providing the indicative redemption prices of Bank SNORAS bonds at the website www.finasta.com.

Bank SNORAS is distributing the bonds emissions according to the base prospectus of LTL 500 million non-negotiable securities, which was approved for one year by the Securities Commission in the middle of June this year.