Spar Nord issues tier 2 capital
Spar Nord issues tier 2 capital
In accordance with the plan announced in company announcement No. 6 of 27 September 2017, Spar Nord has now entered into an agreement with a number of Swedish investors to issue new tier 2 capital in the form of a bond loan in the amount of SEK 600 million (approx. DKK 470 million).
The bond loan has a maturity of 10 years and can be called after 5 years. The coupon is 3 month STIBOR plus a margin (SEK) of 250 basis points.
The settlement date will be 18 October 2017, and the bonds will be listed on Oslo Stock Exchange within 60 days.
SEB has acted has lead-manager in the transaction.
Should you have any questions in connection with this announcement, please contact the undersigned, who can be reached at tel. +45 9634 4010, or by email at oma@sparnord.dk.
Sincerely yours,
Spar Nord
Ole Madsen
Senior Vice President, Communication and Business Dev.
Vedhæftede filer:
Nr. 7 - Spar Nord issues Tier 2 capital - UK.pdf
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