VILNIUS — Lithuania’s Ūkio Bank will offer 369-day euro-denominated bonds with a fixed annual rate of 5 percent from Jan. 22 until Feb. 19. The nominal value of one bond is €100 with accrued interest paid at maturity.
“Bonds, as one the most reliable methods of saving, is a perfect alternative to the investor who does not tend to assume big risk in the currently changeable situation,” a bank spokesman said.
The bank said there would be the possibility of early redemption of the accrued interest.
Offering of Ūkio Bank bonds will be conducted in all bank branches and units. More information on the bond issue and the potential investment risk is available in the bond prospectus and final terms and conditions at Ūkio Bank branches and units or on the bank’s website.