Printer Friendly

Bank Norwegian issues additional Tier-1 bond and Tier-2 bond.

Global Banking News-September 12, 2016--Bank Norwegian issues additional Tier-1 bond and Tier-2 bond

(C)2016 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 12 September 2016

Bank Norwegian has said that it has issued an additional Tier 1 bond of NOK210m with a floating rate coupon equal to three months NIBOR + 5.25 percentage points, a perpetual tenure and call options for the issuer.

The bank has also issued a new Tier 2 bond issue of NOK100m with a floating coupon rate of three months NIBOR + 3.00 percentage points. The bond has a tenure of 10 years.

The settlement date for both the issues is September 21, 2016, with the first call date on September 21, 2016. Arctic Securities and SpareBank 1 Markets have acted as managers for the transactions. Both issues will be applied for listing on Nordic ABM.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Sep 12, 2016
Words:163
Previous Article:Malaga Financial Corporation declares dividend.
Next Article:Mastercard faces legal charge in UK for high fees.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |