AS Balti Investeeringute Grupp (BIG) will issue bonds worth EEK 4 million at the sales price EEK 100 and an annual interest of 10%.

The primary distribution period of bonds is from 15 May to 27 June. The maturity date of the bonds is 28 June 2002.

According to Ingo Põder, chairman of the board of AS Balti Investeeringute Grupp, the company will use the additional funds received from the bonds issue in its main field of operation, i.e., granting loans.

The issue in question will be the fourth large public issue of bonds by AS Balti Investeeringute Grupp. In 1995 the volume of public issue bonds was EEK 3 million, in 1996 EEK 4 million and in 1999 EEK 6 million.

In the first quarter of 2001, AS Balti Investeeringute Grupp posted a net profit of EEK 1.4 million, 40% more than in the same period a year earlier. The year 2000 audited net profit of the company exceeded EEK 5 million, which is three times more than in 1999.

With about 2500 clients AS Balti Investeeringute Grupp is the greatest lender of money to private persons in the Baltic States after banks and leasing companies. BIG was founded in Tartu in 1992. In 1993 the company expanded to Tallinn and in 1994 to Pärnu. The first foreign branch was established in Riga in 1996. The name of the subsidiary is AS Vidzemes Kredits and its main areas of operation are similar to those of the parent company.

Further information:

Ingo Põder
Chairman of the management board of AS Balti Investeeringute Grupp
Tel. 07 441 950