AS “Citadele banka” plans to issue new Subordinated Bonds


AS “Citadele banka” Management Board has approved the plans to launch Citadele’s Third Unsecured Subordinated Bonds Programme and issue new Subordinated Bonds in the amount of up to EUR 30 million. Proceeds from the offer are to be used by Citadele for its general business development, and to strengthen further Citadele Group’s capital base.

More detailed information will follow after the approval of the base prospectus by Citadele’s Management Board and the Financial and Capital Market Commission of Latvia.