STOCKHOLM, Dec. 4, 2020 /PRNewswire/ -- TF Bank AB (publ)
("TF Bank" or the "Company") has issued subordinated Tier 2 bonds
in the amount of SEK 100 million with
final maturity in December 2030 and
first call date in December 2025 (the
"New Bonds"). The New Bonds carry a floating rate interest of
3-month Stibor + 550 bps per annum. The issue received strong
interest from both large institutions and private investors.
As a result of the issue of the New Bonds, the Company will
repurchase SEK 48 million of its
outstanding Tier 2 bonds with first call date on 14 December 2020 (ISIN: SE0007783477) (the
"Existing Bonds"). The Company intends to redeem the residual
amount of the Existing Bonds, SEK 52
million, on the next interest payment date being
14 March 2021 in accordance with the
terms of the consent that was granted by the Swedish Financial
Supervisory Authority on 26 November
2020.
ABG Sundal Collier AB acted as financial advisor and sole
bookrunner in the transaction and Gernandt & Danielsson
Advokatbyrå KB acted as legal counsel.
For further information, please contact:
Mikael Meomuttel, CFO och Head of Investor Relations +46 (0)70 626
95 33
The information was provided for publication on 4 December 2020 at 14.00 CET.
TF Bank in brief
TF Bank was founded 1987 and is an internet-based niche bank
offering consumer banking services and e-commerce solutions through
a proprietary IT platform with a high degree of automation. Deposit
and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through branch or cross-border
banking. From 2020 the operations are divided into three segments:
Consumer Lending, Ecommerce Solutions and Credit Cards. TF Bank is
listed on Nasdaq Stockholm.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/tf-bank-ab--publ-/r/tf-bank-has-successfully-issued-subordinated-tier-2-bonds,c3249419
The following files are available for download:
https://mb.cision.com/Main/13973/3249419/1344397.pdf
|
Press release
PDF
|