Edition:
United Kingdom

Spar Nord issues tier 2 capital


Monday, 9 Oct 2017 

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​. 

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16 Nov 2018