Public offering of Bigbank subordinated bonds

Subscription period has ended

Advantages Reasons to invest into Bigbank

Fast growing fully digital bank
100% Estonian bank operating in 9 countries across Europe
Low cost base and effective operations

CONDITIONS Information about subordinated bonds offering

Bond conditions
Bond name
EUR 8.00 BIGBANK SUBORDINATED BOND 23-2033
Subscription period
From 10:00 (Tallinn time) on 14 November 2023 until 15:30 (Tallinn time) on 24 November 2023
Offering jurisdictions
Estonia, Latvia, Lithuania
Listing
Nasdaq Tallinn Stock Exchange
ISIN code
EE3300003706
Nominal amount
EUR 1,000
Issue volume
EUR 3,000,000, which may be increased by Bigbank up to EUR 10,000,000 until the Issue Date
Issue date and interest commencement date
30 November 2023
Maturity date
30 November 2033
Annual interest rate (fixed)
8.00% per annum (30/360)
Interest payment frequency
Quarterly, each year on 28 February, 30 May, 30 August and 30 November
Prospectus
Terms and conditions
Final terms
Prospectus summary
Frequently asked questions
This communication is an advertisement for the purposes of the Prospectus Regulation (EU) 2017/1129 and is not meant for distribution in the United States or any other jurisdiction where it would be unlawful. Before making an investment decision, you should read the prospectus approved by the Estonian Financial Supervision Authority (the “EFSA”), it’s summary and the terms and conditions of the bonds in order to fully understand the potential risks and rewards associated with the decision of investing into unsecured subordinated bonds of Bigbank AS (the “Issuer”) and consult with an expert if necessary. The bonds of the Issuer are offered publicly only in Estonia, Latvia and Lithuania. The prospectus is available on the websites of the Issuer investor.bigbank.eu and the EFSA at www.fi.ee respectively. The approval of the prospectus by the EFSA should not be understood as an endorsement of the bonds.
Schedule
14/11/2023
Start of the subscription period
27/11/2023
Announcement of results
01/12/2023
Trading begins
 
 
 
 
 
 
24/11/2023
End of the subscription period
30/11/2023
Settlement date
30/11/2033
Redemption date
 
14/11/2023
Start of the subscription period
 
24/11/2023
End of the subscription period
 
27/11/2023
Announcement of results
 
30/11/2023
Settlement date
 
01/12/2023
Trading begins
 
30/11/2033
Redemption date

For Estonian tax resident individuals Application for postponing tax payments

I have read Bigbank AS Customer Data processing principles and understand processing of my personal data in accordance with those principles. Please inform us of any changes in your contact information via info [email protected].

Bank's main figures

Bank's main figures

Being a specialised bank means that Bigbank has the resources to get to know its clients better and address their needs more personally. This allows us to be quicker and more flexible than universal banks without compromising the quality of issued loans.

€2,119m

Total assets

 
2016-2023

€237m

Equity

€1,612m

Loan portfolio

 
2016-2023

~146k

Number of customers

€1,783m

Deposits

 
2016-2023

491

Employees

Financial reports

Being a specialist bank means that Bigbank has the resources to get to know its clients better and address their needs more personally. This allows Bigbank to be quicker and more flexible than universal banks without compromising the quality of issued loans. Bigbank applies the same principles as universal banks in assessing the solvency of clients and performs a credit analysis every time before issuing a loan.

FAQ Common questions about investment

Why Bigbank is offering subordinated bonds?

Who can participate in Bigbank's subordinated bond issue?

Where can I subscribe Bigbank bonds?

If I subscribe the bonds, do I need to have a valid LEI (Legal Entity Identifier) code?

What is the nominal value of the bond and how much are the interest payments?

What is the volume of the offering?

What happens if there are more subscribers than bonds offered?

Are Bigbank subordinated bonds listed on the stock exchange and can I trade them?

Do I have to wait 10 years for the bond principal to be repaid?

Can I subscribe to Bigbank subordinated bonds from an investment account or pension investment account (relevant only to Estonian investors)?

Do I have to pay income tax on interest payments?

Where and when can I see how many bonds I received?

Where can I find more information?

How can we help?