Spar Nord explores the potential for issuing Tier 2 capital
March 28 2023 - 04:40AM
Spar Nord explores the potential for issuing Tier 2 capital
As an element in its ongoing endeavours to
optimize the Bank’s capital structure and secure appropriate
capital resources, Spar Nord has decided to explore the potential
for issuing new Tier 2 capital.
In this connection, Spar Nord has mandated
Nykredit as Arranger and Nykredit and Spar Nord Bank as Joint
Bookrunners to assess market interest for the potential issue.
Subject to market conditions and investor
feedback, a Tier 2 capital issue in DKK with a term to maturity of
10 years and the option of prepayment at par 5 years after the date
of issuance (subject to regulatory approval), documented with Spar
Nord’s EMTN program dated 9 March 2023, listed on Euronext in
Dublin may follow.
Please direct any questions regarding this
release to Rune Brandt Børglum, Head of Investor Relations, on tel.
+ 45 9634 4236, or by e-mail at rsn@sparnord.dk.
Rune Brandt BørglumHead of Investor
Relations
- No. 19 - Spar Nord explores the potential for issuing Tier 2
capital