AS "Citadele banka" plans to issue eligible liabilities for meeting MREL requirements


AS “Citadele banka” plans to issue new bonds in the amount of up to EUR 250 million. The purpose of the issuance is to meet Minimum Requirement for own funds and Eligible Liabilities (MREL). The issuance is expected to take place by the end of 2021. Proceeds from the offer are to be used by Citadele for its general corporate purposes.

More detailed information will follow after the approval of the prospectus or after the determination that further disclosure is appropriate in accordance with applicable law.

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