NOBA Holding AB (publ)’s subsidiary NOBA Bank Group AB (publ) has called for early redemption of Additional Tier 1 bond and Tier 2 bond

NOBA Holding AB (publ)’s indirect subsidiary NOBA Bank Group AB (publ) (“NOBA”) has today notified Nordic Trustee AS as the bond trustee of the exercise of NOBA’s call options for each of the NOK 125,000,000 perpetual Additional Tier 1 bond NOBA19 PRO (ISIN NO0010833320) listed on Nordic ABM and the SEK 550,000,000 Tier 2 bond NOBA20 (ISIN NO0010833130) with final maturity date 2 October 2028 listed on Oslo Børs (together the “Bonds”) on the first call date, 2 October 2023, in accordance with the terms and conditions for the Bonds.

The outstanding Bonds will be redeemed in full at 100 percent of the nominal amount of each Bond, together with accrued but unpaid interest. 

The call option repayment date shall be 2 October 2023 and the relevant record date shall be 28 September 2023.

The exercise of both call options has been approved by the Swedish Financial Supervisory Authority.

For further information, please contact:
Arash Bigloo, Head of Treasury, NOBA
arash.bigloo@nordax.se
+46 738 66 06 62                          

About NOBA Holding

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 102.1 billion and deposits to SEK 87.2 billion.

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

This information was submitted for publication through the contact person set out above at 09.02 a.m CEST on 11 September 2023.