Investing in mortgage bonds is one of the safest and most popular investment forms in the world. Bonds can guarantee regular and secure profit to its holders and, when necessary, they can be sold or bought irrespective of their redemption.
 Mortgage bonds are public circulation debt securities issued by the Bank and covered by mortgage loans or any other cover stipulated by the Law on Mortgage Bonds.
 Issue of TKB mortgage bonds
On 1 March 2007 “Trasta komercbanka” launched the first mortgage bond issue in the amount of five million euro (3.5 million LVL). It incorporated the issue of 50 000 bonds with the nominal value of 100 euro each. The issue was organised by „SEB Latvijas Unibanka” according to the decision of the Financial and Capital Market Commission (26.01.2007). The redemption date of “Trasta komercbanka’s” mortgage bonds is 1 December 2012. The bonds of this issue have been included in the Debt securities list of RSE, which has the status of the Official list, governed by the law On the Financial Instruments Market.
Cover of TKB mortgage bonds
The mortgage bonds of „Trasta komercbanka” will be backed by mortgage loans and other cover legally provided by the Law on Mortgage Bonds. TKB maintains high quality of its loan portfolio which will in future serve as collateral for the bonds of the Bank.
The bond cover registry of TKB has been worked out and administrated in accordance with TKB “Regulations on Bond Cover Administration” approved by the Financial and Capital Market Commission.
Information on cover registry as of 04.09.2007.
Volume of the mortgage loans included in the cover registry:
| Maturity of loans |
Volume LVL |
Number |
| 5-10 years |
5 285 333.91 |
50 |
Structure of the mortgage loans included in the cover registry by legal status of borrowers:
|
Borrowers |
Volume LVL |
Number |
|
Residents companies |
703 089.91 |
1 |
|
Resident individuals |
4 582 244.00 |
49 |
| Non-resident companies |
- |
- |
| Non-resident individuals |
- |
- |
|
Total |
5 285 333.91 |
50 |
Structure of the mortgage loans included in the cover registry by amount of loans:
|
Amount |
Volume LVL |
Number |
|
<5000 |
|
0 |
|
5000-25000 |
373062.04 |
24 |
|
25000-50000 |
272373.79 |
8 |
|
50000-100000 |
352313.83 |
4 |
|
100000-500000 |
1951868.97 |
11 |
|
500000-1000000 |
2335715.27 |
3 |
|
>1000000 |
|
0 |
|
Total |
5 285 333.91 |
50 |
Yield of TKB mortgage bonds
"Trasta komercbanka" pays interest on mortgage bonds to investors four times a year: on 1 March, 1 June, 1 September and 1 December. The interest rate of mortgage bonds will consist of 3-month EUROBOR plus 1,4%. The interest rate for the income period from 01 December 2011 to 01 March 2012 is set at 2,875% (two point eight seven five) per annum.
You can get acquainted with the FCMC decision, Mortgage Bonds Prospectus and Law on Mortgage Bonds!
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