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BRIEF-Spar Nord issues tier 2 capital
October 9, 2017 / 2:25 PM / 2 months ago

BRIEF-Spar Nord issues tier 2 capital

Oct 9 (Reuters) - SPAR NORD BANK A/S:

* SPAR NORD ISSUES TIER 2 CAPITAL

* ‍ENTERED INTO AGREEMENT WITH A NUMBER OF SWEDISH INVESTORS TO ISSUE NEW TIER 2 CAPITAL IN FORM OF A BOND LOAN IN AMOUNT OF SEK 600 MILLION (APPROX. DKK 470 MILLION)​

* ‍BOND LOAN HAS A MATURITY OF 10 YEARS AND CAN BE CALLED AFTER 5 YEARS​

* ‍COUPON IS 3 MONTH STIBOR PLUS A MARGIN (SEK) OF 250 BASIS POINTS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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