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Baltic Investment Group Bank AS has issued commercial bills

Baltic Investment Group Bank AS (BIG) has issued yesterday,  11.04.2006,  via  SEB Eesti Ühispank, commercial bills to the sum of 17 million kroons.

This is an increase of the commercial bills issue to be redeemed on  the  25th  of October, 2006, making the new total volume of the issue  47  million  kroons.  The commercial bills were issued with a rate of return at 4% p.a. 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 licence 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% 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
Baltic Investment Group Bank AS
Chairman of the Board
targo.raus@big.ee
6 309 938

 

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