BankNordik issues DKK 200 million Senior Preferred bonds

13.11.2023 17:25:40 CET | BankNordik | Company Announcement

Announcement no. 22/2023

As part of BankNordik’s ongoing efforts to optimize the capital structure, the bank today has successfully completed a 5-year, non-call for the first 4 years, DKK 200 million issue of Senior Preferred bonds, priced at 3 months CIBOR + a margin of 2.25%.

The bonds are not rated but will subsequently be listed.

Nordea has acted as sole structuring advisor and lead manager of the issue.

Further information:

Turið F. Arge, CEO, tel. [phone]; e-mail: [e-mail]

 

BankNordik has banking activities in Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 12.5bn and 207 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.

 

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