Nordnet issues Additional Tier 1 and Solvency II Tier 2 capital notes
Nordnet issues Additional Tier 1 and Solvency II Tier 2 capital notes to optimize its capital structure. The issuance amounts to SEK 300 million.The notes have a perpetual maturity with a first call option after five years. The interest rate is 3M STIBOR + 500 bps. The settlement date falls on 14 February 2023. Nordnet intends to apply for admission to trading of the notes at Nasdaq Stockholm. - The issuance of the bond is a step in the ongoing work to optimize Nordnet’s long-term capital structure, and gives us stability and capacity for future growth, says Lennart Krän, CFO at Nordnet.