Admirals Group AS Subordinated Bonds

A bond is a debt investment in which an investor lends money to the company that issued the bond for a defined period and, in return, receives a predetermined level of interest. In terms of our bond issuance, Admirals Group AS offers investors the opportunity to invest their money for 10 years and earn 8 per cent interest per annum on that investment.

The nominal price is the amount paid to a bondholder at the date of maturity. The nominal price for a single Admirals Group AS bond is 100 euros and the initial subscription is carried out for the nominal price. For example, if an investor invests 1000 euros, they will subscribe for 10 bonds.

Interest is paid semi-annually, at 5.02 and 5.08, or on the first following business day. On the day of interest payment, investors will receive 4 euros per purchased bond.

Bonds are expected to be listed at the Nasdaq Tallinn Baltic Bond List and are freely tradable. The price of the bond depends on demand and supply in the secondary market, and could thus be either above or below the nominal price. The market price also incorporates the interest accrued since the previous interest payment.

In the event of the company’s insolvency, subordinated bondholders’ claims are fulfilled after other creditors have received their claims in full.