Nordax Holding issues SEK 1,400 million of Additional Tier 1 bonds and SEK 650 million of subordinated Tier 2 bonds
Nordax Holding AB (publ) has successfully issued SEK 1,400 million of Additional Tier 1 (“AT1”) bonds and SEK 650 million of subordinated Tier 2 (“Tier 2”) bonds. The offer attracted strong demand from Nordic institutional investors. The AT1 bonds are perpetual with first call after 5 years, paying a coupon of 3m STIBOR + 4.75%. The Tier 2 bonds have a tenor of 10 years with first call after 5 years, paying a coupon of 3m STIBOR + 2.75%. The bonds will qualify as regulatory capital, be settled on 29 October 2021 and be listed on the corporate bond list of Nasdaq Stockholm. ABG Sundal