Saxo Bank to call Additional Tier 1 Capital Notes

Source: Saxo Bank 2020-01-17

Saxo Bank has announced a notice to make use of the option for early redemption of Additional Tier 1 capital notes (ISIN: XS1143478847). This covers notes with a total nominal amount of EUR 45,000,000.

In accordance with the terms and conditions in the Offering Memorandum dated 24 November 2014, Saxo Bank A/S may redeem all of the outstanding Notes before final maturity date in accordance with condition 8.3. The earliest optional redemption date is 26 February 2020. On this day, investors will receive interest payment of the nominal holding. After these payments investors will not receive any more payments related to the notes.

The optional redemption is approved by the Danish Financial Supervisory Authority.

Click here to see the full redemption letter

Saxo Bank to call Additional Tier 1 Capital Notes

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