Today, 17 April 2026, at 10:00, subscription opens for the Tier 2 subordinated bonds of AS INDEXO Banka, a fully owned subsidiary of IPAS INDEXO. The subscription period for the offering, which is intended for retail and professional investors in Latvia, Lithuania, and Estonia, will run until 24 April. The bond offering carries a fixed annual interest rate of 10%, with interest payments twice a year and a 10-year maturity. Through the subordinated bond issuance, INDEXO Bank plans to raise €3 million to support the growth of the bank’s loan portfolio and strengthen its overall capital base.
During the public offering, AS INDEXO Banka is offering investors the opportunity to purchase subordinated bonds with a nominal value of €1,000 per bond. The minimum investment is €1,000. INDEXO Bank intends to list the bonds on the Nasdaq Riga Baltic Bond List.
“When building INDEXO Bank, we identified significant opportunities in the lending market. We have now begun to capitalise on these opportunities by rapidly expanding both our consumer and mortgage loan portfolios. To meet the capital requirements associated with this fast-growing loan portfolio, we have decided to utilise subordinated bonds qualifying as Tier 2 capital. For bond investors, this offers an opportunity to earn a 10% fixed annual coupon, which is among the highest coupon levels currently available for publicly offered bank Tier 2 subordinated instruments in the Baltic region,” says Ivita Asare, Chief Financial Officer of INDEXO.
The Base Prospectus of the bond issuance programme, the Final Terms of the 1st issuance (series), and the issuance Summary have been published and are available in electronic format on the INDEXO website at www.indexo.lv/investoriem.
The Base Prospectus of the bond issuance programme is also available on the Bank of Latvia website at www.bank.lv.
Before making any investment in INDEXO Bank’s unsecured subordinated bonds, please read the offering Prospectus and the Final Terms of the first Bond issuance in full.
Key terms of the offering:
- Offering size: €3 million
- Maturity: 10 years
- Fixed interest rate: 10% per annum
- Interest payments: twice a year (29 April and 29 October)
- First interest payment: 29 October 2026
- Minimum investment: €1,000
- Offering period: from 17 April 2026 at 10:00 to 24 April 2026 at 15:30
- Announcement of offering results: 27 April 2026
- Planned settlement: 29 April 2026
- First planned trading date on the Nasdaq Baltic Bond List: 8 May 2026
To help investors learn more about the offering, a free live webinar – “INDEXO Bank Subordinated Bond Offering” – will take place on 21 April at 10:00. During the webinar, the INDEXO team will provide an overview of INDEXO Bank’s financial results and overall capital raising plans, will present the key terms of the subordinated bond issuance, and answer participants’ questions. We invite you to join by registering at: https://indexo.lv/vebinars-202604/.
Disclaimer
This announcement is an advertisement and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor does it constitute investment advice or a recommendation. All investors should make their investment solely on the basis of information that is contained in the Base Prospectus, Final Terms and supplements (if any) to be published in connection with this offering. Before making an investment decision, investors should read the information published in the Base Prospectus and the Final Terms in order to understand all details related to the investment. The approval of the Prospectus by the Bank of Latvia should not be regarded as endorsement to AS INDEXO Banka or the offered securities. The bonds will be publicly offered in Latvia, Lithuania and Estonia.
An investment in the subordinated bonds involves risks and may not be suitable for all investors. In the event of the issuer’s insolvency or resolution, claims of holders of subordinated bonds rank below those of senior creditors and may be subject to loss absorption measures, including partial or full write-down. Investors should carefully review the Base Prospectus and make their own independent investment decision
