NOBA BANK GROUP AB (PUBL) CALLS FOR EARLY REDEMPTION OF ITS SUBORDINATED TIER 2 NOTES NOBA 201
NOBA Bank Group AB (publ) (“NOBA” or the “Company”) will, in accordance with the terms and conditions of the notes, use its right to on 28 May 2024 early redeem its subordinated tier 2 notes in an amount of SEK 350,000,000 with ISIN SE0012013134 issued on 28 May 2019 under the Company’s MTN programme (the “Notes”).
The Notes will be redeemed in full at 100 per cent. of their nominal amount, together with accrued but unpaid interest up to and including the redemption date.
The redemption date is 28 May 2024. Pursuant to the terms and conditions of the Notes, the payment will be made to registered holders in the debt register kept by Euroclear Sweden on the record date 21 May 2024 (at the end of the business day). In connection with the redemption the Notes will be delisted from Nasdaq Stockholm.
Pursuant to the terms and conditions of the Notes, NOBA will send an irrevocable notice of early redemption to registered holders of the Notes in the debt register kept by Euroclear Sweden. The notice will also be published on the Company’s website, www.noba.bank.
The Swedish Financial Supervisory Authority’s approval for the early redemption of the Notes has been obtained.
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 31 December 2023, lending to the public amounted to SEK 110.1 billion and deposits to SEK 96.8 billion.
Read more about NOBA and our brands at www.noba.bank.