Fellow Bank issues a EUR 6.1 million debenture loan
FELLOW BANK PLC PRESS RELEASE 10.10.2022 AT 2:00 PM EEST
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Fellow Bank Plc ("Fellow Bank") issues an unsecured Tier 2 debenture loan with a principal amount of EUR 6.1 million (the "Debenture Loan"). The Debenture Loan is subordinated to Fellow Bank's other commitments and is included in the Tier 2 capital referred to in the prudential regulation applicable to Fellow Bank.
The five-year Debenture Loan matures on 17 October 2027 (assuming the issue date is 17 October 2022). The Debenture Loan carries a fixed annual interest of eight (8) per cent.
Fellow Bank nor any other party has made, nor does Fellow Bank intend to make, an application for the Debenture Loan to be admitted to trading on any marketplace.
Further information
Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028
Fellow Bank in brief
Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com
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This communication does not constitute an offer of securities for sale in the United States. Securities mentioned in this communication have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
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