Nordea issues Additional Tier 1 capital at the lowest coupon ever

Nordea yesterday issued perpetual Additional Tier 1 notes of EUR 750m with first call date March 2025. This capital instrument was successfully placed among investors globally at the lowest coupon ever of 3.5 %. The transaction was oversubscribed 7 times.

“Issuing this Additional Tier 1 capital instrument in EUR at the lowest coupon ever shows investors’ confidence in Nordea’s financial strength and low-risk profile”, says Ola Littorin, Head of Long-Term Funding at Nordea.

Nordea also this week announced successful results and early participation levels of a consent solicitation process for outstanding AT1 and Tier 2 capital instruments.

“Investors were invited to consent to certain updates of the terms in relation to Nordea’s proposed re-domiciliation from Sweden to Finland and the outcome supports our plans and increases clarity for investors”, says Andreas Larsson, Head of Debt Investor Relations at Nordea.

Both the result of the consent solicitation process and this transaction is a strong vote of confidence from investors for the Nordea credit.

For further information:
Andreas Larsson, Head of Debt Investor Relations, +46 709 707555
Rodney Alfvén, Head of Investor Relations, +46 722 350515
Maria Caneman, Debt Investor Relations Officer, +46 768 249218

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