NOBA Bank Group AB (publ) has successfully issued subordinated Tier 2 bonds

NOBA Bank Group AB (publ) (”NOBA”) has successfully issued subordinated Tier 2 bonds of EUR 40,000,000 in a private placement to an investor. The bonds have a 10.25-year tenor with a possible first call after five years and carries an interest of EURIBOR 3 months + 7.00%. The bonds will be listed on Nasdaq Stockholm. Settlement date will be 18 January 2024.

The bonds were issued under NOBA’s existing MTN programme which has a total framework of SEK 5 billion.

Nordea acted as sole lead manager & structuring advisor in the transaction.

For further information, please contact:

Patrick MacArthur, CFO
patrick.macarthur@nordax.se
+46 760 32 69 70

Arash Bigloo, Head of Treasury
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 customers, 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.

Learn more about NOBA and our brands at www.noba.bank.