Admiral Markets Launches Tier 2 Bond Buyback

Admiral Markets AS has announced a Tier 2 bond buyback offer for up to 8,476 units issued on 28 December 2017, with the offer period scheduled from 22 May 2026 to 22 June 2026. The company confirmed that it will repurchase each bond at EUR 101.02, which includes the EUR 100 nominal value, a EUR 1 premium, and EUR 0.02 in accrued interest, with the value date expected on or around 29 June 2026. The buyback targets only existing bondholders, and the company aims to fully repurchase bonds with a total nominal value of EUR 847,600. 

Additionally, the company emphasized that only bonds free from third-party encumbrances will qualify for the transaction. Investors can participate by submitting an off-exchange sell order through their respective custodians within the Nasdaq Central Securities Depository system, ensuring they comply with the corporate action requirements linked to the bond issuance. Moreover, investors must clearly specify the number of bonds they offer for repurchase, and the system will accept only whole-number holdings.

Admiral Markets Launches Tier 2 Bond Buyback

Meanwhile, Nasdaq Tallinn Stock Exchange may see reduced activity in these instruments as Admiral Markets AS also evaluates the possibility of delisting the bonds. The company noted that, following its decision to relinquish its investment company license and given the limited remaining volume of outstanding bonds, trading liquidity has become minimal. Consequently, it is considering filing an application to terminate bond trading after the buyback process concludes. 

Furthermore, the company clarified that all investors will receive equal treatment under identical terms, reinforcing transparency throughout the process. As part of the procedure, bondholders must contact their account custodian in the Estonian Register of Securities to submit their repurchase instructions within the specified window from 10:00 on 22 May 2026 to 16:00 on 22 June 2026 (Estonian time). 

In addition, Admiral Markets AS stated, “the repurchase process is designed to ensure an orderly exit for remaining bondholders under fair and transparent conditions.” Consequently, the structured buyback reflects the company’s broader financial restructuring approach, while also signaling a gradual winding down of its listed debt obligations. Overall, the initiative highlights a strategic step toward simplifying its capital structure while maintaining compliance with market regulations.

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