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