OREANDA-NEWS. On August 25, 2009 AB Bank SNORAS, during a non-public offering, purchased EUR 20 million (LTL 69 million) worth emission of LR Government bonds. The Government bonds were acquired via mediation of AB Bank "Finasta", reported the press-centre of Bank SNORAS.

"Bank SNORAS always actively participates in the securities market. While developing this activity, we made a decision to additionally purchase another EUR 20 million worth emission of LR Government bonds. It is already the second emission of LR Government bonds purchased by AB Bank SNORAS via a non-public offering this year," says Naglis Stancikas, the First Vice President of AB Bank SNORAS, the director of Investment Business Division.

This emission of LR Government bonds will be redeemed on 25 January 2010. The interest rates, for which AB Bank SNORAS lends to the Government, are not announced upon the mutual consent of the parties.

The first emission of LR Government bonds, also for EUR 20 million, was acquired by AB Bank SNORAS on 24 July 2009.