{"id":51706,"date":"2026-04-27T17:36:32","date_gmt":"2026-04-27T14:36:32","guid":{"rendered":"https:\/\/staging.indexo.lv\/?post_type=zinas&#038;p=51706"},"modified":"2026-04-27T17:36:39","modified_gmt":"2026-04-27T14:36:39","slug":"strong-demand-for-indexo-bank-bonds-investor-interest-exceeds-offering-by-3-6-times","status":"publish","type":"zinas","link":"https:\/\/staging.indexo.lv\/en\/zinas\/strong-demand-for-indexo-bank-bonds-investor-interest-exceeds-offering-by-3-6-times\/","title":{"rendered":"Strong demand for INDEXO Bank bonds; investor interest exceeds offering by 3.6 times"},"content":{"rendered":"\n<p><strong>AS INDEXO Banka, a&nbsp;fully&nbsp;subsidiary of IPAS INDEXO, has raised \u20ac5 million through its public offering of Tier 2 subordinated bonds, which closed on 24 April 2026. The offering attracted more than 800 investors, with total subscriptions reaching \u20ac10.8 million.<\/strong>&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Investor demand exceeded the initially planned offering size by 3.6 times.\u00a0Due to the strong demand, INDEXO Bank increased the issuance volume from the originally planned \u20ac3 million to \u20ac5 million.<\/strong><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Investor interest was broad across all Baltic states. On average, each investor subscribed for subordinated bonds worth \u20ac13,034.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Latvian investors subscribed for bonds\u00a0totalling\u00a0\u20ac3 million,\u00a0representing\u00a028.7% of total demand. Demand from Estonia reached \u20ac7\u00a0million (64.6%), while investors from Lithuania subscribed for \u20ac0.6\u00a0million (5.1%).<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\u201cThe strong investor demand in INDEXO Bank&#8217;s subordinated bond issuance, exceeding the planned volume by 3.6 times,\u00a0demonstrates\u00a0solid\u00a0market confidence in the INDEXO Group&#8217;s growth strategy and conviction in our bank&#8217;s long-term growth potential. It clearly shows investors&#8217; readiness to support INDEXO&#8217;s ambition to build a modern,\u00a0competitive\u00a0and sustainable bank in the Baltic financial market \u2013 offering an alternative to traditional solutions and fostering competition in the sector,\u201d says\u00a0Ivita\u00a0Asare, Chief Financial Officer of INDEXO.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>When\u00a0allocating\u00a0the subordinated bonds, allocation principles were applied that ensured a minimum allocation of one bond per bondholder, while orders starting from\u00a0EUR\u202f\u00a020,000\u00a0were\u00a0allocated\u00a0on a pro rata basis, with institutional investors receiving\u00a0around\u00a062% of the requested amount and all other investors receiving\u00a0around\u00a052%.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>On 27 April 2026, the Management Board of INDEXO Bank approved an updated version of\u00a0the Final Terms for Series 1 of the new bond\u00a0programme, which is attached below this announcement and published on the INDEXO website\u00a0(<a href=\"https:\/\/staging.indexo.lv\/en\/for-investors\/\">https:\/\/staging.indexo.lv\/en\/for-investors\/<\/a>).<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Bonds will be credited to investors&#8217; securities accounts on 29 April 2026. The first trading day on the Nasdaq Riga regulated market Baltic Bond List is scheduled for 8 May 2026. The first interest payment to\u00a0bondholders\u00a0will be made on 29 October 2026.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The arranger of the bond issuance in Latvia was AS Signet Bank; distribution partners were Redgate Capital in Estonia and Orion Securities, UAB FM\u012e in Lithuania.&nbsp;<\/p>\n\n\n\n<p>Updated Final Terms: <a href=\"https:\/\/staging.indexo.lv\/wp-content\/uploads\/2026\/04\/INDEXO_Banka_Updated_Final_Terms.pdf\">INDEXO_Banka_Updated_Final_Terms.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AS INDEXO Banka, a&nbsp;fully&nbsp;subsidiary of IPAS INDEXO, has raised \u20ac5 million through its public offering of Tier 2 subordinated bonds, which closed on 24 April 2026. The offering attracted more than 800 investors, with total subscriptions reaching \u20ac10.8 million.&nbsp; Investor demand exceeded the initially planned offering size by 3.6 times.\u00a0Due to the strong demand, INDEXO [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":26671,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-51706","zinas","type-zinas","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/zinas\/51706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/zinas"}],"about":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/types\/zinas"}],"author":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/comments?post=51706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/media\/26671"}],"wp:attachment":[{"href":"https:\/\/staging.indexo.lv\/en\/wp-json\/wp\/v2\/media?parent=51706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}