Monobank ASA: MONO-ME - Successful placement of NOK 100 million Tier 1 and Tier 2 capital
MONO - Successful placement of NOK 100 million Tier 1 and Tier 2 capital
Bergen, 29 August 2017
Reference is made to the stock exchange notices published on 29 May and 13 June 2017 regarding Monobank ASA's ("Monobank") contemplated issuance of Tier 1 and Tier 2 bonds.
Monobank has today, 29 August 2017, issued a NOK 50 million Tier 1 bond with a coupon rate of 3m NIBOR + 7.00% and a NOK 50 million Tier 2 bond with a coupon rate of 3m NIBOR + 5.00%.
The Tier 1 bond is perpetual with optional redemption after 5 years. The Tier 2 bond has a maturity of 10 years and is callable after 5 years. Payment date is 13. September 2017 for both loans.
"The bond loans ensure that we retain a measured and robust capital structure, and thereby a solid platform for further financial growth," said Jan Greve-Isdahl, chairman of the board of Monobank.
Monobank will apply for listing of the bonds on Nordic ABM.
ABG Sundal Collier ASA and Pareto Securities AS acted as managers for the bond issues.
For further information please contact:
Lene Sjøbakk, CFO, +47 940 19 896
Bent H. Gjendem, CEO, +47 996 11 996
About Monobank ASA:
Monobank is a digital bank offering unsecured lending to qualified private individuals in Norway and Finland. Operations started out of Bergen, Norway, in November 2015 after received its banking license from the Financial Supervisory Authority of Norway. For further information, please visit www.monobank.no.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.