Nordea has issued EUR 500 million of dated subordinated bonds
Nordea has issued EUR 500 million of dated subordinated bonds The bonds are due 26 March 2014 and pays a coupon of 5.75 percent per annum. The bank has the right to redeem the issue in full at par in March 2009. Issue price is par to give a spread of 0.49 percent over swaps to the call date. Joint book-runners for the transaction are Merrill Lynch, UBS Warburg and Nordea Markets. The purpose of the transaction is to refinance existing subordinated debts maturing this year. Further information: Jakob Grinbaum, Head of Group Treasury, +46 8 614 7891 Fanny Bergström, Head of Group Funding, +358 9 369 50 500 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/27/20020327BIT00640/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/27/20020327BIT00640/wkr0002.pdf