The Baltic Investment Group Bank AS (BIG) has issued today, 19.05.06, via SEB Eesti Ühispank, subordinated debentures to the sum of 27.62 million EEK.

It is an increase of a debenture issue redeemable by 26.04.14, as a result of which the new total volume of the issue is 39.12 million EEK. The rate of return of the debentures is the 3-month EURIBOR +3%. The debentures are able to be removed by the issuer on every day of an interest payment. The issue conducted by SEB Eesti Ühispank was closed and the investors were mainly local institutional investors.

The Baltic Investment Group Bank (BIG), which received its credit institution license last year, is the youngest bank based on Estonian capital and the largest specialist lender to private clients in the Baltic States after universal banks and leasing companies. In March BIG expanded its product portfolio and launched, as a service in addition to loans for its clients, short-term deposits with an interest rate of up to 4.25% per annum – one of the highest interest rates in Estonia. BIG’s goal is to provide both private and business clients with fast, attentive and flexible financial services. BIG has 119 employees and a total of 12 branches in Estonia. Additional information about BIG is available on the website at www.big.ee.

Targo Raus
Balti Investeeringute Grupi Pank AS
Chairman of the Board
targo.raus@big.ee
6 309 938