NOBA Bank Group AB (publ) announces results of tender offer for certain of its outstanding NOK and SEK bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW
NOBA Bank Group AB (publ) (the "Company") announces the results of its invitation to holders of its outstanding senior unsecured floating rate bonds outlined below (the "Bonds") to tender their Bonds for purchase by the Company for cash (the “Tender Offer”) subject to the terms and conditions described in the tender information document dated 18 September 2023.
When the Tender Offer expired at 15:00 CEST on 22 September 2023, valid tenders had been received of total nominal amounts of SEK 198,000,000 and NOK 170,000,000. The Company has decided to accept all such tenders.
| Description of the Bonds | ISIN | Nominal amount tendered | Nominal amount accepted for purchase | Purchase price | Scaling factor |
| SEK 300,000,000 FRN due March 2025 | NO0010952831 | SEK 198,000,000 | SEK 198,000,000 | 99.750% | N/A |
| NOK 700,000,000 FRN due March 2025 | NO0010952823 | NOK 170,000,000 | NOK 170,000,000 | 99.750% | N/A |
The Company will pay a purchase price of 99.750% of nominal amount plus accrued and unpaid interest from and including the previous interest payment date up until but excluding the settlement date for the Tender Offer, which is 28 September 2023.
Settlement of the transactions in the Tender Offer will occur as a secondary trade via Nordea Bank Abp. All tendering bondholders should coordinate the trade bookings with their local sales representative immediately. The Bonds that the Company has accepted to purchase will remain outstanding on the Company’s balance.
Dealer manager:
Nordea Bank Abp: +45 6136 0379, nordealiabilitymanagement@nordea.com
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 three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension and 2 million consumers, we have the size, skill, and scale to enable healthier finances for more. NOBA collects specialized, customer centric financial offerings that is sustainable for the individual, the bank and the 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 650 employees and is active in 7 markets.
As of 30 June 2023, lending to the public amounted to SEK 101.5 billion and deposits to SEK 87.2 billion.
Read more about NOBA and our brands at www.noba.bank.
This information is information that NOBA Bank Group AB (publ) is obliged to make public pursuant to the Norwegian Securities Trading Act section 5-12. The information was submitted for publication through the agency of the contact person set out above at 09:15 a.m. CEST on 25 September 2023.