Published: 2019-06-25 07:00:00 CEST
LHV Group
Company Announcement

Outcome of Subscription to AS LHV Group AT1 bonds

The offering of AS LHV Group bonds belonging to the additional Tier 1 own funds (AT1 bonds) to financial institutions and proficient investors with a larger investment portfolio ended on Friday, 21 June. 22 investors subscribed to the bonds in the amount of EUR 30.2 million, thus the initial issue volume of EUR 15 million was oversubscribed 2 times. LHV used its right to increase the issue volume to EUR 20 million. The issuer did not satisfy subscription undertakings exceeding the EUR 20 million volume.

LHV Group will use the subordinated capital raised from investors as part of Tier 1 own funds for financing the acquiring of the unit of Danske Bank involved with the loan portfolio of Estonian private clients and for expanding business volumes.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 400 people, and 177,000 customers use LHV’s banking services. Pension funds managed by LHV have 177,000 active clients.


Priit Rum
LHV Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee