Early redemption and call option notice for NOBA Bank Group AB (publ)’s NOBA30 and NOBA31 notes
NOBA Bank Group AB (publ) (“NOBA” or the “Company”) has today notified Nordic Trustee AS, as the VPS trustee, of the exercise of its call options for each of the senior preferred floating rate notes of NOK 700,000,000 (NOBA30, ISIN NO0010952823) and SEK 300,000,000 (NOBA31, ISIN NO0010952831) (together the “Notes”) on the first call date, 18 March 2024, in accordance with the terms and conditions for the Notes. The Notes were issued under the EUR 1,500,000,000 Euro Medium Term Note Programme of Bank Norwegian ASA (the debt capital instruments of which were assumed by NOBA in the merger between NOBA and Bank Norwegian ASA completed in 2022). The Notes have final maturity date on 18 March 2025 and are listed on Oslo Børs. The call notices will be published on the Company’s website today.
The outstanding Notes will be redeemed in full at 100 percent of the nominal amount of each Note, together with accrued but unpaid interest.
The call option repayment date shall be 18 March 2024 and the relevant record date shall be 14 March 2024.
For further information, please contact:
Arash Bigloo, Head of Treasury, NOBA
arash.bigloo@nordax.se
+46 738 66 06 62
About NOBA Bank Group
With a diversified offering through the three brands Nordax Bank, Bank Norwegian and Svensk Hypotekspension, and 2 million consumers, we have the size, knowledge and scalability to enable healthier finances for more. NOBA collects specialized, customer centric financial offerings that are sustainable for the individual, the bank and society at large, today and tomorrow. NOBA Bank Group AB (publ) ("NOBA") is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Today, the NOBA group has approximately 630 employees and is active in 7 markets.
As of 30 September 2023, lending to the public amounted to SEK 107.8 billion and deposits to SEK 93.7 billion.
Read more about NOBA and our brands at www.noba.bank.
This information is subject to disclosure requirements pursuant to the Oslo Rule Book II – Issuer Rules. This information was submitted for publication through the contact person set out above at 10:00 a.m. CET on 14 February 2024.