Public offering of subordinated bonds has ended

The purpose of the offering is to strengthen the capital structure of the Bigbank Group and ensure stable access to additional capital to finance the Group’s budget and growth in accordance with the strategic plan by growing its portfolio mainly through corporate and housing loans.

The public offer is aimed at all retail and professional investors in Estonia, Latvia and Lithuania.
See more in the prospectus, prospectus supplement no.1 and final terms.

Estonia
Through all banks that act as securities account operators with Nasdaq CSD (including Swedbank, SEB Pank, Luminor Bank, LHV Pank). The complete list of securities account operators can be found here.
Latvia
Through any member of Nasdaq Tallinn Stock Exchange (including Swedbank, SEB banka, Citadele banka)
Lithuania
Through any member of Nasdaq Tallinn Stock Exchange (including Swedbank, SEB Bankas, Luminor Bank, Šiaulių Bankas)

The complete list of members of the exchange can be found here.

Yes, legal entity subscribers must have been issued a valid LEI code. Account managers/ banks may refuse to accept transaction orders from legal entities that do not have an LEI code.

The nominal value is 1,000 euros per bond.

Interest rate is 8% per annum (calculated on 30/360 basis), which means the amount of quarterly interest payment is 20 euros per bond on usual quarterly payments, each year on or around 16 February, 16 May, 16 August, and 16 November.

On the basis of the second series, Bigbank offers 5,000 bonds, which can be increased up to 15,000 bonds in case of oversubscription. This means the total value of the offering is 5 million euros, which can be increased up to 15 million euros. As part of the total bond program, it is planned to issue up to 35,000 bonds with total value up to 35 million euros.

In case of oversubscription, Bigbank has the right to increase the volume of the issue up to 15,000,000 euros. When distributing bonds among subscribers, Bigbank has the right, but not the obligation, to give priority to its employees and customers. If it is mathematically possible, we guarantee each retail investor a minimum of 10 bonds in the total amount of 10,000 euros. More detailed information about the distribution of bonds in the offer can be found in the prospectus.

The subordinated bonds will be listed on Baltic Bond List. After listing the subordinated bonds can be freely bought or sold on the regulated market. The first trading day of bonds is expected to be on 17 February 2023 or on a date close to it.

The bonds can be sold through the stock exchange if desired or necessary once Nasdaq Tallinn Stock Exchange approves Bigbank's request to list the bonds. Bigbank also has the right to prematurely redeem the bonds at the nominal price 5 years after issuance, but only with the consent of the Financial Supervision Authority.

Yes, you can. In this case, at least 15 days prior to the first coupon payment, it is necessary to send a notification on the Bigbank website that you have purchased Bigbank subordinated bonds with the funds from the investment account or pension investment account.

The bank withholds income tax at the rate of 20% from interest payments made to Estonian tax resident private individuals.
Income tax is not withheld from interest payments made to legal entities and non-residents. Private individuals in Estonia who have purchased the bonds via an investment account or pension investment account and informed Bigbank about it, will not have income tax withheld from interest payments. If you have bought bonds through an investment account or pension investment account, please let us know at least 15 days before the first coupon payment on the Bigbank investor page. Further information is available in prospectus.

The results and allocation of the issue will be announced on or about 13 February 2023 on Nasdaq Tallinn's website through stock exchange announcement. After announcement of the results of the offering, each subscriber can get information about the number of bonds they received from the bank through which they subscribed for the bonds.

For more information, read the prospectus, supplement no.1, prospectus summary, terms and conditions and the final terms.