Admiral Markets raising €5 million in Nasdaq Tallinn listed

Admiral Markets raising €5 explained by professional Forex trading experts the “Admiral Markets raising €5 ” FX trading team.

Admiral Markets raising €5

Tallinn, Estonia based Retail FX brokerage group Admiral Markets has announced the commencement of a planned €5 million capital raise, via an offering of unsecured subordinated bonds.

The public offering of unsecured subordinated bonds is arranged by Admiral Markets AS and the subscription period runs from December 8-19, 2017. The issue is targeted both to institutional and retail investors in the Baltics.

In total, the company plans for 50,000 bonds to be issued at a price of €100 per bond, and have an interest rate of 8% per annum. The maturity date of the bonds is December 28, 2027, on which the issuer shall redeem all the bonds. The minimum amount of bonds the investor is able to subscribe to is 1. The unsecured subordinated bonds are offered for subscription by way of a public offering to retail as well as institutional investors.

To submit a purchase offer in Estonia, the investor must have a securities account opened with the Estonian Central Securities Depository through most commercial banks, which act as custodians in the central depository. To submit a purchase offer in Latvia and in Lithuania, the investor must submit a purchase offer via the respective market’s exchange members.

Admiral Markets AS will apply for the listing of bonds in the Baltic Bond List of Nasdaq Tallinn.

Admiral Markets raising €5 Conclusion

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