Admiral Markets AS has announced a buyback offer for up to 8,476 Tier 2 bonds issued on 28 December 2017. The offer will be conducted between 22 May 2026 and 22 June 2026 and is directed exclusively to the current bond investors of Admiral Markets AS.
The objective of the transaction is to repurchase all Bonds with a total nominal value of EUR 847,600. The company cites the relinquishment of its investment firm license, the small remaining volume of Bonds, and very low trading activity as context for the offer and related considerations.
Offer terms and pricing
The purchase price has been set at EUR 101.02 per Bond. This comprises the Bond's nominal value of EUR 100, a premium of EUR 1, and accrued interest of EUR 0.02. The value date of the bond transaction is 29 June 2026 or a date close thereto.
The offer period will begin on 22 May 2026 at 10:00 and end on 22 June 2026 at 16:00, based on Estonian time. Only existing holders of the Bonds are eligible to participate in the buyback offer.
Trading considerations
In connection with the buyback, Admiral Markets AS is exploring options to terminate trading of the Bonds on the Nasdaq Tallinn Stock Exchange. The company is considering submitting a corresponding application after the completion of the buyback offer. This evaluation is linked to the small outstanding volume of the Bonds and the very low level of market trading activity.
The announced buyback offer and the potential subsequent application to terminate trading together indicate Admiral Markets AS's intention to address the remaining Tier 2 bond obligations following the relinquishment of its investment firm license.
