Admiral Markets AS Arranges a Bond Issue of €5m
Dear traders,
We are delighted to announce that we are arranging a public offering of unsecured subordinated bonds. 50,000 bonds will be issued for a price of €100 per bond and have an interest rate of 8% per annum.
The subscription period runs from 8 to 19 December 2017 and is targeted to both institutional and retail investors in the Baltic countries, only. The maturity date of the bonds is 28 December 2027 and the minimum amount of bonds the investor is able to subscribe to is one.
"Admiral Markets is aiming for fast growth and to further increase its business volumes. This bond issuance will ensure the long-term sustainability of the activities of Admiral Markets AS, by expanding the company's total capital base. As a fintech company, one of our objectives is to continue to provide state-of-the-art trading platforms for our client base and remain a technologically advanced online trading company", said Sergei Bogatenkov, CEO of Admiral Markets AS.
To submit a purchase offer in Estonia, the investor must have a securities account opened with the Estonian Central Securities Depository through most commercial banks, which act as custodians in the central depository. To submit a purchase offer in Latvia and in Lithuania, the investor must submit a purchase offer via the respective market's exchange members.
You can find more details about the bond issue on our dedicated webpage.
Kind regards,
Admiral Markets AS
Please note that the announcement should not be considered as investment advice, consultancy or other ancillary service. Before making the investment decision, Admiral Markets AS recommends you to consult with experts.