NOBA Holding AB (publ)’s indirect subsidiary NOBA Bank Group AB (publ) has successfully issued Additional Tier 1 bonds

NOBA Holding AB (publ)’s indirect subsidiary NOBA Bank Group AB (publ) (”NOBA”) has today announced that NOBA has successfully issued SEK 799.5m Additional Tier 1 bonds. The AT1 bonds are perpetual with first call after 5 years, paying a coupon of 3m STIBOR + 9.25%. The bonds will be listed on Nasdaq Stockholm. Settlement date will be 19 March 2024.

In the transaction, Nordea and SEB acted as joint lead managers and Nordea acted as structuring advisor.

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 Holding

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 Holding 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 110.6 billion and deposits to SEK 96.8 billion.

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