Ringkjøbing Landbobank issues tier 2 capital

Nasdaq Copenhagen
London Stock Exchange
Other stakeholders

8 June 2018

Ringkjøbing Landbobank issues tier 2 capital

With effect from 13 June 2018, Ringkjøbing Landbobank will issue tier 2 capital in a total amount of DKK 800 million.

The total amount will be divided into two separate issues, which are arranged by Nykredit.

One issue will total DKK 500 million and have a maturity of ten years with a first call option (redemption) after five years. The interest for the first five years is agreed at a fixed rate consisting of a five-year mid-swap rate + a margin of 165 basis points.

The other issue will total DKK 300 million and have a maturity of twelve years with a first call option (redemption) after seven years. The interest is agreed at a six-month Cibor rate + a margin of 185 basis points and with fixing of interest every six months.

Both issues are unlisted and have been bought in advance by different institutional investors.

The total issue is part of the merger of Ringkjøbing Landbobank and Nordjyske Bank as mentioned in the company announcement of 18 April 2018 "Merger between Nordjyske Bank and Ringkjøbing Landbobank”.

Yours sincerely,

Ringkjøbing Landbobank

John Fisker
CEO

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• Supplerende kapital_UK