TF Bank AB (publ) gives notice of early redemption of perpetual additional Tier 1 bonds with ISIN SE0011311240

TF Bank AB (publ) (“TF Bank” or the “Bank”) announces that the Bank will carry out an early redemption of all outstanding perpetual additional Tier 1 bonds issued on 7 June 2018 with ISIN SE0011311240 and with a total outstanding nominal amount of SEK 100,000,000 (the “Bonds”) in accordance with the terms and conditions of the Bonds (the “Terms and Conditions”).

TF Bank has today, 2 May 2023, sent an irrevocable notice of early redemption to all directly registered owners (Sw. direktregistrerad ägare) and registered authorised nominees (Sw. förvaltare) in the debt register for each Bond kept by Euroclear Sweden as of 28 April 2023. In accordance with the Terms and Conditions, TF Bank has received prior written consent from the Swedish Financial Supervisory Authority to redeem the Bonds early.

The date for the early redemption will be on 7 June 2023 (the “Redemption Date”), which corresponds to first call date of the Bonds under the Terms and Conditions, and the record date for the redemption will be 30 May 2023, i.e. five business days prior to the Redemption Date (the “Record Date”).

All Bonds will be redeemed at the redemption price of 100 per cent. of the nominal amount (i.e., SEK 2,000,000 per Bond) together with accrued but unpaid interest. The redemption amount will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at end of business on the Record Date. In connection with the redemption, the Bonds will be delisted from Nasdaq Stockholm.

This notice is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of TF Bank.

For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0) 70 626 95 33

The information was provided for publication on May 2, 2023 at 13:00 CET.

TF Bank in brief
TF Bank was founded 1987 and is an internet-based niche bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria and Spain through branch or cross-border banking with the support of the Swedish banking license. The operations are divided into three segments: Consumer Lending, Credit Cards and Ecommerce Solutions. TF Bank is listed on Nasdaq Stockholm.