Bond ABLV Banka 0% ( LV0000880060 ) in EUR

Issuer ABLV Banka
Market price 100 %  ▲ 
Country  Latvia
ISIN code  LV0000880060 ( in EUR )
Interest rate 0%
Maturity 03/07/2019 - Bond has expired



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Detailed description ABLV Bank was a Latvian bank that was licensed in 1993 and later collapsed in 2018 following allegations of money laundering and sanctions violations.

An informative review details a specific bond instrument, identified by ISIN LV0000880060, issued by ABLV Bank, formerly Latvia's third-largest bank which later faced significant money laundering allegations that led to its liquidation, specifying that this Euro-denominated bond, originating from Latvia, featured a 0% interest rate, indicating it was a zero-coupon instrument with no recurring interest payments, and reached its scheduled maturity on July 3, 2019, at which point it was reportedly trading at a market price of 100% and has since been fully redeemed.